Bitwise CIO: Strategy won't sell Bitcoin even if stock drops below NAV.
ByAinvest
Thursday, Dec 4, 2025 9:44 pm ET1min read
MSTR--
BTC--
Strategy (MSTR) won't be forced to sell Bitcoin if its share price drops, despite fears that it could offload its massive Bitcoin stash. CIO Matt Hougan argues that the company has enough cash to cover interest payments and isn't near debt repayment deadlines, making it unlikely to sell Bitcoin. Hougan also notes that Strategy's Bitcoin holdings are 24% above the average price at which they were acquired.
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