Our plan is to equitize our convertible debt over the next 3–6 years.Strategy (@Strategy):Strategy can withstand a drawdown in $BTC price to $8K and still have sufficient assets to fully cover our debt. https://t.co/vrw4z4Ex9q ...

Phong Le: Bitcoin Must Drop to $8,000 and Stay There for 5 Years Before Debt Pressure HitsOn February 6, Strategy CEO Phong Le said during the MSTR 2025 Q4 earnings call that the company would only face real pressure to repay convertible debt if Bitcoin fell to $8,000 and stayed at that level for five years. Regarding yields, he noted that the theoretical floor for interest rates is SOFR, but MicroStrategy's logic is based on Bitcoin's average annual rise of about 30%, so as long as funding costs remain bel ...