Strategy says it can survive even if bitcoin drops to $8,000 and will 'equitize' debt
A new strategy claims it can withstand a significant drop in Bitcoin's price, asserting that it can survive even if Bitcoin falls to $8,000. The strategy involves "equitizing" debt, which means converting debt into equity to manage financial obligations more effectively. This approach aims to stabilize the company's financial position amid volatile market conditions. The strategy highlights confidence in the long-term viability of Bitcoin despite potential short-term declines.
Read the full article: CoinDesk