This case is serious, folks (if it's true)
There are rumors that Strategy submitted Form 8-K to the SEC on April 7, stating that if the price of Bitcoin continues to decline, the company may be forced to sell its held Bitcoin to pay off debt.
It is noted that this statement is a standard risk disclosure practice and it also appears in the 10-Q report for the first quarter of 2024 and reports for the year 2023 and prior, and is not a special case.
Currently, the average purchase price of $BTC of Strategy is around ~$67K, the current price is only about 12% away from this range and Bitcoin is still in a downward trend.
What do you think about this news?
