Strategy CEO Says Bitcoin Needs 90% Plunge And Multi‑Year Slump To Threaten Convertible Debt

After reporting its fourth‑quarter results, Strategy’s leadership said the firm would withstand further Bitcoin (BTC) weakness, even as the token briefly approached $60,000 and MSTR stock fell to about $104. Founder Michael Saylor and CEO Phong Le highlighted a $2.25 billion cash reserve against $888 million in annual preferred dividends and $8.2 billion of low‑ and zero‑interest convertible bonds, with Le noting Bitcoin would need to drop roughly 90% for the company’s BTC holdings to only match its debt. Both Bitcoin and MSTR later rebounded, with BTC around $69,256 and the stock climbing above $130, easing immediate pressure on Strategy’s balance sheet.