Bitcoin’s price briefly dipped below $80,000, causing concern for Strategy (MSTR) as it fell below their average purchase cost of $76,037 per coin. However, this doesn’t impact the company’s financial position or lead to forced selling. The firm holds 712,647 unencumbered bitcoin, providing flexibility to manage its $8.2 billion convertible debt.

Strategy has options like extending maturities and converting debt to shares to manage its obligations. With $2.25 billion in cash and other funding strategies, the pressure lies in fundraising as bitcoin’s price affects the company’s ability to grow its stack without diluting shareholders. Trading below cost basis isn’t a crisis but may slow growth.

Read more at Yahoo Finance: Michael Saylor’s bitcoin stack is officially underwater, but here’s why he likely won’t reach for the panic button