MicroStrategy Will Continue Major Bitcoin Buying Despite $215M Sale, CEO Says Debt Concerns Only Below $8,000 BTC

BTC-0.12%
According to CEO Phong Le in a Bloomberg TV interview on Tuesday, MicroStrategy has no plans to stop accumulating bitcoin despite recently selling over $215 million worth of the asset. The company will only begin considering risks tied to its debt if bitcoin falls to around $8,000-$10,000, Phong said. Strategy raised approximately $467 million through stock sales last week, bringing its cash reserve to roughly $3 billion. Bitcoin is currently trading near $65,000.
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