Strategy (NASDAQ: MSTR) Launches Public Bitcoin Credit Model To Show Investors Exactly When Debt Coverage Fails
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Strategy (NASDAQ: MSTR) Launches Public Bitcoin Credit Model To Show Investors Exactly When Debt Coverage Fails
Michael Saylor’s Strategy (NASDAQ: MSTR) has unveiled a public dashboard that shows investors precisely how well its Bitcoin holdings cover its outstanding debt and preferred stock obligations. Executive Chairman Michael Saylor announced the Bitcoin Credit Model on Aug. 12, offering a new layer of transparency into the balance sheet risks carried by the world’s largest corporate Bitcoin holder. The tool breaks down Strategy’s liabilities instrum…
Michael Saylor published on Tuesday a model credit for Strategy that assigns to each bond and preferential action a level of risk and a minimum price of Bitcoin. The tool answers a question that so far nobody measured so clearly: how many bitcoins support each dollar of debt. According to data collected by BeInCrypto, Strategy closed the second quarter with 843,775 bitcoins in cash. Its balance still carries 6,710 million dollars in convertible …
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