MicroStrategy Unlikely to Sell Bitcoin Despite Stock Volatility

iconCoinotag
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

As reported by Coinotag, MicroStrategy is unlikely to sell its Bitcoin holdings despite its stock price falling below net asset value. The company holds over $60 billion in Bitcoin, with a 24% unrealized gain on its average acquisition cost of $74,436. It also has $1.4 billion in cash reserves and no debt due until 2027, providing a strong financial buffer. Bitwise CIO Matt Hougan noted that the firm’s liquidity and Bitcoin’s current price of around $92,000 eliminate immediate pressure to liquidate assets.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.