Strategy may be forced to sell Bitcoin for debt repayment

News on April 9th, according to the 8-K form submitted by Strategy (formerly MicroStrategy) to the U.S. Securities and Exchange Commission (SEC) on April 7th, if Bitcoin prices continue to fall, Strategy may be forced to sell its Bitcoin holdings for debt repayment, breaking Michael Saylor's promise of "never selling Bitcoin".

In the 8-K form, Strategy mentioned that "since Bitcoin constitutes most of our assets on our balance sheet, if we cannot obtain equity or debt financing in a timely manner with favorable terms (or not at all), we may be forced to sell Bitcoins to fulfill financial obligations and might have to do so at a price lower than cost or other unfavorable prices."

According to data from Strategy Tracker, Strategy currently holds 528,185 BTCs with an average cost of $67,458 per coin and a value of $40.119 billion USD.