Strategy warning that the fall in Bitcoin value may lead to default or even bankruptcy risks.

PANews April 9 news, Strategy disclosed in the 8-K document submitted to the SEC that the company is facing significant financial pressure. If Bitcoin market capitalization falls significantly, it may be forced to sell Bitcoin at a price lower than the cost to fulfill its obligations, and may even face the risk of default, bankruptcy, or liquidation. As of March 31, the company's total debt reached $8.22 billion, with annual interest expenses of $35.1 million, and an additional $146.2 million in preferred stock dividends that need to be paid each year. Its future financing ability is highly dependent on the market capitalization of Bitcoin and market sentiment.

BTC3.02%
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CanITurnOver?vip
· 04-09 02:56
Continue to borrow to pump Bitcoin, Favourable Information
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