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Michael Saylor downplays Strategy credit risk as bitcoin tumbles: ‘We’ll refinance the debt’
Strategy CEO Michael Saylor brushed off concerns about the company’s credit risk if bitcoin continues to tumble. In fact, Saylor said he plans to keep accumulating the cryptocurrency for the company every quarter. “If bitcoin falls 90% for the next four years, we’ll refinance the debt,” the executive said Tuesday on CNBC’s “Squawk Box.” “We’ll just roll it forward.” Asked whether he believed banks would continue to lend to the digital asset treasury firm if bitcoin collapses, Saylor said, “Yeah, because the volatility of bitcoin is such that it’s always going to be a value.” Bitcoin was last ... (full story)
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