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Strategy CEO Dismisses Bitcoin Debt Panic Entirely
Strategy CEO Phong Le told Bloomberg Television on July 14 that Bitcoin would need to fall to between $8,000 and $10,000 before the company’s $6.7 billion in convertible debt obligations pose a real balance-sheet risk. The company holds 843,775 BTC acquired for $63.69 billion and has expanded its U.S. dollar reserve to $3 billion. Strategy boosted its cash position after a recent stock sale, a move Le said was driven by preferred shareholder feedback requesting greater liquidity. Under the company’s Digital Credit Capital Framework, the reserve is restricted to preferred dividends and interest on outstanding debt ... (full story)
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Japan has given final approval to an amendment to its Financial Instruments and Exchange Act that classifies crypto assets as financial products. The move shifts the existing regulatory framework, which managed crypto assets as a means of payment, toward one centered on investment products. Along with introducing investor protections on par with securities ...
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- Jul 15, 2:20pm | 2 hr 58 min ago Posted byFundamental Analysis37
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