Strategy Holdings Unchanged Despite Share Price Drop, CIO Asserts

Bitwise Chief Investment Officer Matt Hougan refutes concerns about Strategy (MSTR) selling Bitcoin holdings amid a recent stock decline. He emphasizes the company’s strong financial stability and highlights that Chairman Michael Saylor maintains unwavering faith in Bitcoin. Hougan asserts that the company holds no immediate pressure to liquidate its assets, citing ample cash reserves to cover interest payments, with debt maturing until 2027. The likelihood of such a scenario is deemed minimal, as selling $60 billion worth of Bitcoin would significantly impact the market, akin to two years of Bitcoin ETF inflows.