Strategy (MSTR) holds approximately $53.5 billion in Bitcoin against $21.95 billion in debt and preferred stock. The company published a Bitcoin Credit model showing the resilience of its balance sheet under various price and volatility scenarios. CEO Phong Le stated that Bitcoin purchases will resume before the end of the year, but the current priority is to build a larger cash reserve. MSTR shares are trading around $96, having failed to hold above the $100 level recently. This defensive approach aims to reassure institutional investors and better protect the company against days of declining Bitcoin prices.
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