The post We can cover our debt even if Bitcoin falls to $25k, says Strategy appeared on BitcoinEthereumNews.com. Journalist Posted: November 26, 2025 Key Takeaways  Can Strategy cover its debt?  Yes. According to the firm, it had a 5.9x assets-to-debt ratio if BTC slips to $74k or 2x cover if it crashes to $25k.  How did the community react to the assurance?  Investors remain skeptical as the MSCI delisting review looms over MSTR’s mid-term outlook.  Michael Saylor’s Strategy (Nasdaq: MSTR) is in a war mode. It has been fending off double pressure from the MSCI index exclusion threat and FUD linked to its debt obligations if the Bitcoin price drops lower.  On the latter, the firm assured that it has sufficient assets to cover its debt obligations, even if BTC drops to its cost basis of $74k or crashes further.  “If $BTC drops to our $74K average cost basis, we still have 5.9x assets to convertible debt, which we refer to as the BTC Rating of our debt. At $25K BTC, it would be 2.0x.” Source: Strategy Strategy funds its BTC buys through capital raised either via debt or the sale of its main MSTR stock and other preferred stocks (they have different obligations).  For convertible debt, Strategy owes $8.2 billion, with the first maturity in September 2028.  If adjusted for obligations tied to preferred stocks, the total debt was $15.9 billion. Compared to its total assets, Strategy reported 3.6x assets to cover its liabilities if BTC slips to $74k.  Market reactions to Strategy’s debt update However, the Strategy’s assurance was met with skepticism. One critic claimed that the firm’s crisis will be crypto’s tragedy. Another analyst, Ritesh, said that the firm was already preparing for a ‘bear market strategy.’ In fact, another user, Nebraskan Gooner, quipped,  “Funny, they have to explain to everyone how over-leveraged they are in.” Perhaps one of the caveats of BTC dropping below… The post We can cover our debt even if Bitcoin falls to $25k, says Strategy appeared on BitcoinEthereumNews.com. Journalist Posted: November 26, 2025 Key Takeaways  Can Strategy cover its debt?  Yes. According to the firm, it had a 5.9x assets-to-debt ratio if BTC slips to $74k or 2x cover if it crashes to $25k.  How did the community react to the assurance?  Investors remain skeptical as the MSCI delisting review looms over MSTR’s mid-term outlook.  Michael Saylor’s Strategy (Nasdaq: MSTR) is in a war mode. It has been fending off double pressure from the MSCI index exclusion threat and FUD linked to its debt obligations if the Bitcoin price drops lower.  On the latter, the firm assured that it has sufficient assets to cover its debt obligations, even if BTC drops to its cost basis of $74k or crashes further.  “If $BTC drops to our $74K average cost basis, we still have 5.9x assets to convertible debt, which we refer to as the BTC Rating of our debt. At $25K BTC, it would be 2.0x.” Source: Strategy Strategy funds its BTC buys through capital raised either via debt or the sale of its main MSTR stock and other preferred stocks (they have different obligations).  For convertible debt, Strategy owes $8.2 billion, with the first maturity in September 2028.  If adjusted for obligations tied to preferred stocks, the total debt was $15.9 billion. Compared to its total assets, Strategy reported 3.6x assets to cover its liabilities if BTC slips to $74k.  Market reactions to Strategy’s debt update However, the Strategy’s assurance was met with skepticism. One critic claimed that the firm’s crisis will be crypto’s tragedy. Another analyst, Ritesh, said that the firm was already preparing for a ‘bear market strategy.’ In fact, another user, Nebraskan Gooner, quipped,  “Funny, they have to explain to everyone how over-leveraged they are in.” Perhaps one of the caveats of BTC dropping below…

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more