Strategy Downplays Bitcoin Decline Risk — Is A November Rebound Possible?

Strategy founder Michael Saylor has remained confident about his Bitcoin accumulation. | Source: Joe Raedle/Getty Images Key Takeaways Strategy is attempting to reassure investors over its Bitcoin risk. The firm said its Bitcoin holdings would cover convertible debt by nearly six times even if BTC fell to its average cost basis of $74,000. Bitfinex highlighted early signs of renewed demand. Strategy moved to reassure investors over the risk of its Bitcoin holdings on Tuesday, claiming its balance s ...