Strategy warns that falling Bitcoin value could lead to default or even bankruptcy risks

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PANews
04-09
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PANews reports on April 9th that in the 8-K filing submitted to the SEC, Strategy disclosed that the company is facing significant financial pressure, and may be forced to sell Bitcoin at a price lower than its cost to fulfill obligations if Bitcoin's market value drops significantly, even facing the risk of default, bankruptcy, or liquidation.

As of March 31st, the company's total debt reached $8.22 billion, with annual interest expenses of $35.1 million, and an additional $146.2 million in preferred stock dividends to be paid annually. Its future financing capacity is highly dependent on Bitcoin's market value and market sentiment.

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