PiCK

Michael Saylor: 'Company is Safe Despite Bitcoin Crash'

Uk Jin

Summary

CEO Michael Saylor stated that Strategy remains safe despite Bitcoin's price decline.
He emphasized that Strategy's Bitcoin holdings are much larger than its debt.
Saylor declared that the company won't go bankrupt even if Bitcoin crashes by 98%.

Michael Saylor, CEO of Strategy (formerly MicroStrategy), which holds the largest amount of Bitcoin (BTC) in the world, has dismissed concerns about his company.

In an interview with the Usher podcast on the 17th, CEO Saylor said, 'Some are worried that our company will go bankrupt if Bitcoin falls, but this is not true at all.'

CEO Saylor emphasized that the company's Bitcoin holdings are much larger than its debt. He stressed, 'Strategy currently holds Bitcoin worth $45-50 billion, while our debt is only $3 billion,' adding, 'Our debt has no repayment obligations. Even if Bitcoin crashes by 98%, the company won't go bankrupt.'

BTC