In accordance with Insidebitcoins, Bitwise CIO Matt Hougan dismissed concerns that MicroStrategy (MSTR) would be forced to sell its $60 billion Bitcoin holdings if delisted from MSCI indexes, calling the idea 'flat wrong.' Hougan noted that MSTR has no debt due until 2027 and sufficient cash to cover interest payments, making a forced sale unlikely. He also highlighted that Bitcoin's current price is 24% above the average purchase price for MSTR, reducing the incentive to sell. MSTR's stock has fallen over 23% in the past month, but Hougan argued that index delistings typically have smaller impacts than anticipated, citing the Nasdaq 100 addition as an example. Michael Saylor, CEO of MicroStrategy, emphasized that the company is a publicly traded operating business with a $500 million software division and a treasury strategy using Bitcoin as productive capital.
Bitwise Dismisses Fears of MicroStrategy Selling Bitcoin Amid MSCI Delisting Threat
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