Strategy would consider selling Bitcoin only if its stock falls below net asset value and the company loses access to fresh capital, CEO Phong Le said in a recent interview.
Le told the What Bitcoin Did show that if Strategy’s multiple to net asset value (mNAV) were to slip under one and financing options dry up, unloading Bitcoin becomes “mathematically” justified to protect what he calls “Bitcoin yield per share.”
However, he noted that the move would be a last resort, not a policy shift. “I would not want to be the company that sells Bitcoin,” he said, adding that financial discipline has to override emotion when markets turn hostile.
Strategy claims its debt remains well-covered if BTC falls to its average purchase price of about $74,000, and still manageable even at $25,000.
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