MicroStrategy’s Bitcoin Pivot | Bitcoin and Crypto News

MicroStrategy’s CEO Phong Le says they’re not panicking over Bitcoin’s current price, but a drop to $8K–$10K would trigger serious debt concerns. Their preferred stock STRC has fallen sharply, making it harder to raise cash for Bitcoin buys — so they’re boosting U.S. dollar reserves to help STRC rebound. Meanwhile, MSTR stock is down nearly 6% and mNAV dipped below 1, meaning shareholders are valuing the company’s Bitcoin holdings more than its stock — a delicate balancing act they’re navigating with their massive crypto bet. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/215da037e50f09f3