The major corporate BTC holder, Strategy (MSTR), has seen a downtrend for more than three months, with its price declining by about 55% since November. However, despite the decline in Bitcoin, Strategy's BTC acquisition remains profitable, with an unrealized profit of $10.65 billion at Bitcoin's current price. The company's convertible debt shows that it would only need to sell its BTC holdings if the value of Bitcoin dropped to around $16,500. Additionally, two of Strategy's outstanding convertible bonds are currently below their conversion price, but they do not mature until 2029, allowing time for recovery.



Other News from Today