Michael Saylor Confident in Refinancing Despite Bitcoin Price Concerns

Michael Saylor expressed confidence in his ability to refinance Strategy's $8.2 billion debt even if Bitcoin's price were to fall by 90%. According to NS3.AI, Strategy currently holds 714,644 BTC, valued at $47.4 billion. However, a 90% drop in Bitcoin's price would significantly reduce the asset's value to $4.7 billion, which is substantially lower than its liabilities. The company is also facing challenges due to large operating losses and speculative-grade credit ratings. These factors contribute to doubts about the feasibility of refinancing during a prolonged bear market. Skeptics remain uncertain about the company's ability to manage its financial obligations under such conditions.