Even if Bitcoin Falls to $20,000, No Problem…Strategy, Confidence in Handling Debt

The 뉴스 · 25/07/17 06:10:11 · mu/뉴스

Bitcoin holding company Strategy (MicroStrategy, currently Strategy) stated that they can handle all debts even if the BTC price plunges to $20,000.

Strategy's Bitcoin strategy manager, Chaitanya Jain, said in a recent interview with Bitcoin News, "We have secured sufficient collateral, and even if BTC falls to $20,000, there are no issues with repaying all debts."

Strategy is the world's largest corporate holder with approximately 600,000 BTC, with an average purchase price of around $71,000. Recently, as BTC surpassed $110,000, hitting a new all-time high, Strategy is continuing additional purchases while maintaining a long-term holding strategy.

Jain's recent statement is interpreted as emphasizing the financial stability of the company amidst concerns about the possibility of a sharp market adjustment.

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