Strategy CEO: Bitcoin Would Take Five to Six Years to Face Payment Issues at $8,000

BlockBeats News, February 6th, according to The Block, Strategy CEO Phong Le told investors that despite the recent Bitcoin price drop, the company's balance sheet remains strong.

Le stated during Strategy's Q4 earnings call that Bitcoin would need to drop to $8,000 and stay there for five to six years to pose a real threat to the company's convertible debt repayments.

He noted, "In an extreme downside scenario, if the price of Bitcoin falls 90% to $8,000, our Bitcoin reserves would equal our net debt, and we would no longer be able to repay convertible bonds with Bitcoin reserves. At that point, we may need to consider restructuring, issuing new shares, or issuing additional debt."