Bernstein Warns That MicroStrategy May Have to Sell its Bitcoin Holdings

Bernstein, which manages approximately $600 billion in assets, has issued a warning that software company MicroStrategy, which has become the largest institutional Bitcoin investor through its Bitcoin (BTC) purchases, may have to sell its BTC holdings. Reason for BTC Sale: Debt Due in Mid-2025 In its report published on July 11, Bernstein stated that MicroStrategy, which holds over 150,000 BTC due to its long-term borrowing plan, may have to sell, especially for its debt due in mid-2025. According to the report, MicroStrategy’s sales will only be based on extreme drops in the Bitcoin price. The report noted that a higher Bitcoin price provides MicroStrategy with a stronger balance sheet, higher stock price, and easier debt repayment without the need to sell its BTC holdings. The report also mentioned that a strong Bitcoin price and higher stock price would allow the company to borrow more, raise equity, and utilize existing convertible […] The post Bernstein Warns That MicroStrategy May Have to Sell its Bitcoin Holdings appeared first on COINTURK NEWS.