No, MSTR Doesn’t Have to Sell Its Bitcoin

[chainsniff]

Bitwise CIO Matt Hougan says fears about Strategy (MSTR) being forced to dump its Bitcoin are “flat wrong.”
Even if MSTR’s stock falls below its net asset value, nothing triggers an automatic sell-off. With no debt due until 2027 and enough cash to cover interest payments, Hougan argues the company can easily hold its $60B+ Bitcoin stash.
His message: Saylor isn’t selling—and MSTR doesn’t need to.

[Nahid Hossen]

MSTR’s strategy is built around long-term BTC accumulation, not liquidation.

[Nahid Hossen]

Debt structures and treasury plans give them flexibility to hold.