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  • Sohrab Khawas
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    Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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Strategy’s Bitcoin Covers Debt Nearly 6 Times Even if Price Dips

Strategy stated that even if Bitcoin falls to its average cost basis of $74,000, its Bitcoin holdings would still cover its $8.2 billion convertible debt by 5.9 times, a ratio the company calls its “BTC Rating.” At a Bitcoin price of $25,000, coverage would remain at 2 times. Despite this, Strategy was recently excluded again from the S&P 500 Index, adding pressure amid Bitcoin’s price drop. The company’s strong BTC backing offers reassurance to investors.

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