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Michael Saylor: Market concerns about Strategy being forced to sell Bitcoin are unfounded
ChainCatcher News, Strategy (MSTR) Executive Chairman Michael Saylor stated in an interview with CNBC that market concerns about the company being forced to sell BTC due to the decline in Bitcoin prices are unfounded, and reaffirmed that the company will continue its long-term strategy of accumulating Bitcoin.
Saylor said that Strategy’s current net leverage level is below that of typical investment-grade companies, and there is no credit risk on the balance sheet. The company not only has no plans to sell but also expects to continue buying Bitcoin each quarter. Last week, Strategy purchased 1,142 BTC for approximately $90 million, bringing its total holdings to 714,644 BTC, with an average cost of about $76,056 per Bitcoin.
He pointed out that Bitcoin’s high volatility is both a risk and a feature, and believes that as digital capital, it is still likely to outperform traditional assets over the next 4 to 8 years. Previously, Strategy reported a Q4 operating loss of $17.4 billion and a net loss of $12.6 billion, mainly due to valuation adjustments caused by the decline in Bitcoin prices.