MicroStrategy CEO Phong Le stated that the company would only face significant challenges in repaying convertible debt if Bitcoin's price fell to $8,000 and remained at that level for five years. Speaking during the MSTR 2025 Q4 earnings call, Le emphasized that the company's strategy is based on Bitcoin's historical average annual growth of approximately 30%. As long as the cost of capital remains below 20%, MicroStrategy believes it can continue to create value for shareholders. Le also noted that the theoretical interest rate floor is the Secured Overnight Financing Rate (SOFR).