Strategy CEO: The company will not make decisions based on Bitcoin prices, and its net debt has dropped to zero.
53 minutes ago
Strategy CEO Phong Le told Bloomberg in an interview, "We do not make decisions based on Bitcoin’s specific price. So what have we done? Over the past two months, while we haven’t purchased additional Bitcoin, we’ve strengthened our balance sheet. Currently, Strategy holds $72 billion in total assets, including $65 billion in Bitcoin and $7 billion in U.S. dollar reserves, with the reserves rising 34% over the period. Meanwhile, Strategy has cut its net debt from roughly $7 billion to zero. As a result, by strengthening our balance sheet, we’ve actually boosted our equity value, making selling MSTR to buy Bitcoin more profitable. That’s the shift we’ve seen over recent months. Now, this gives us a 'bulletproof' balance sheet — a 'fortress-style' balance sheet." Earlier reports noted that Strategy resumed its Bitcoin accumulation last week after a two-month pause.
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