Strategy's CEO stated that Bitcoin would need to fall to $8,000 and remain there for several years to significantly impact the company's balance sheet. This scenario was presented as a stress test during the company's Q4 financial briefing, where it reported a $12.6 billion net loss due to Bitcoin's price dropping below its acquisition cost. Despite the downturn, Strategy emphasized its resilience and long-term strategy to withstand market volatility.
Meanwhile, Marathon Digital transferred 1,318 Bitcoin, valued at $86.9 million, to various entities, reflecting active treasury management amid a broader market sell-off. Bitcoin's price fell over 9% in 24 hours, trading near $64,800, which also led to a 17% drop in Strategy's shares. The market's focus remains on corporate treasury strategies and debt management as crypto-linked equities closely track Bitcoin's movements.
Strategy CEO: Bitcoin Must Drop to $8,000 for Balance Sheet Stress
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