The company Strategy, known for its substantial Bitcoin reserves, has expressed confidence in its financial stability even amid concerns about potential drops in BTC prices.
Survival of Strategy even with Bitcoin drop
Chaitanya Jain, the Bitcoin strategy manager at Strategy, addressed social media concerns about the company's success potentially being tied to Bitcoin prices. He stated that even if BTC falls to $20,000, Strategy would still have sufficient collateral to cover all liabilities.
Recent achievements of the company
The company currently holds 601,550 Bitcoins worth more than $71 billion, which is more than enough to cover its debts. Recently, Strategy acquired 4,225 BTC using funds raised from selling bonds. Jain emphasized that the company is becoming a 'fortress' against Bitcoin market volatility.
Bitcoin operation profits
Recently, co-founder of Strategy Michael Saylor reported about the profits generated by the company over the past week. The BTC operations yielded 2,485 Bitcoins, equivalent to $291 million. Year-to-date gains amount to 90,337 BTC worth over $10.5 billion.
Thus, Strategy demonstrates confidence in its financial capabilities and active growth, even in conditions of market instability.
