In accordance with Bijié Wǎng, MicroStrategy (NASDAQ: MSTR) has assured lenders that its Bitcoin reserves—approximately 650,000 coins valued at over $5.7 billion—are sufficient to cover its convertible bonds, maintaining a 2x debt coverage ratio even if Bitcoin drops to $25,000 per coin. The company is currently facing a declining stock price, removal from the S&P 500 index, and a shift by institutional investors toward Bitcoin ETFs. With a $5.4 billion outflow in the third quarter, its market cap has fallen below its Bitcoin holdings for the first time in five years.
MicroStrategy Claims Bitcoin Reserves Can Withstand Debt Pressure
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