The post Strategy’s Bitcoin Covers Debt Nearly 6 Times Even if Price Dips appeared first on Coinpedia Fintech News
Strategy stated that even if Bitcoin falls to its average cost basis of $74,000, its Bitcoin holdings would still cover its $8.2 billion convertible debt by 5.9 times, a ratio the company calls its “BTC Rating.” At a Bitcoin price of $25,000, coverage would remain at 2 times. Despite this, Strategy was recently excluded again from the S&P 500 Index, adding pressure amid Bitcoin’s price drop. The company’s strong BTC backing offers reassurance to investors.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.