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TechFlow, Dec 5 — According to Cointelegraph, Bitwise CIO Matt Hougan said that despite the drop in MStrategy (MSTR) stock price, the company will not be forced to sell its $60 billion in bitcoin holdings. Hougan noted that MSTR has $1.4 billion in cash reserves, does not need to repay debt before 2027, and that the current bitcoin price of approximately $92,000 is above the company's average purchase cost of $74,000.
According to Cointelegraph, Bitwise CIO Matt Hougan said that despite the decline in MStrategy (MSTR) stock price, the company will not be forced to sell its $60 billion bitcoin holdings. Hougan noted that MSTR has $1.4 billion in cash reserves, does not need to repay debt before 2027, and the current bitcoin price of approximately $92,000 is above the company's average purchase cost of $74,000.
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