- Strategy executive chairman Michael Saylor admitted company shareholders would “suffer” if Bitcoin’s price fell for multiple years. The world’s largest corporate holder of Bitcoin owns nearly $59 billion in the cryptocurrency, and is continuing to invest so the company can buy more. While the company has a lack of cash comparatively to its crypto holdings, questions arise regarding its ability to service debt.
Strategy’s executive chairman and crypto evangelist Michael Saylor revealed in a Financial Times video if Bitcoin were to fall 90% and stay down for roughly half a decade, the company would be stable, but equity holders would be wiped out because Strategy is heavily leveraged through convertible debt and bond offerings.
