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Olivia Stephanie

MicroStrategy Says It Can Cover $6B Debt Even if Bitcoin Sinks to $8,000

MicroStrategy chairman Michael Saylor claims the company could still fully cover its roughly $6 billion in net debt even if Bitcoin plunged 88% to $8,000. Management also outlined a plan to convert its existing convertible notes into equity over the next three to six years while continuing to buy Bitcoin despite more than $5 billion in unrealized losses.
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