According to a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on April 7, if the price of Bitcoin continues to fall, Strategy may be forced to sell its Bitcoin holdings to repay debts, breaking Michael Saylor's promise that "never sells Bitcoin." In Form 8-K, Strategy mentioned, “Because Bitcoin constitutes the vast majority of assets on our balance sheet, if we cannot obtain equity or debt financing in time (or simply cannot) we can’t get equity or debt financing in favorable terms, or at all, we may be forced to sell Bitcoin to meet financial obligations and may have to sell at lower than cost or other adverse prices.” Since Trump won the election in November 2024, Strategy has bought 275,965 BTC ($25.73 billion) at an average price of $93,228, and this portion has fallen to $4.6 billion. According to StrategyTracker data, Strategy currently holds 528,185 BTC, with an average cost of $67,458 and a value of $40.119 billion.
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