{"id":2893,"date":"2026-02-10T14:47:39","date_gmt":"2026-02-10T14:47:39","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/michael-saylor-downplays-strategy-credit-risk-as-bitcoin-tumbles-well-refinance-the-debt\/"},"modified":"2026-02-10T14:47:39","modified_gmt":"2026-02-10T14:47:39","slug":"michael-saylor-downplays-strategy-credit-risk-as-bitcoin-tumbles-well-refinance-the-debt","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/michael-saylor-downplays-strategy-credit-risk-as-bitcoin-tumbles-well-refinance-the-debt\/","title":{"rendered":"Michael Saylor downplays Strategy credit risk as bitcoin tumbles: &#8216;We&#8217;ll refinance the debt&#8217;"},"content":{"rendered":"\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108263776\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108263776\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000403420\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Strategy<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> CEO Michael Saylor brushed off concerns about the company&#8217;s credit risk if <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-2\">bitcoin<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> continues to tumble. <\/p>\n<p>In fact, Saylor said he plans to keep accumulating the cryptocurrency for the company every quarter. <\/p>\n<p>&#8220;If bitcoin falls 90% for the next four years, we&#8217;ll refinance the debt,&#8221; the executive said Tuesday on CNBC&#8217;s &#8220;Squawk Box.&#8221; &#8220;We&#8217;ll just roll it forward.&#8221;<\/p>\n<p>Asked whether he believed banks would continue to lend to the digital asset treasury firm if bitcoin collapses, Saylor said, &#8220;Yeah, because the volatility of bitcoin is such that it&#8217;s always going to be a value.&#8221;<\/p>\n<p>Bitcoin was last trading at $68,970.45, down 9% over the past five days. It has retreated as investors broadly reassess its utility, with the token tumbling 15% to $60,062.00 on Thursday \u2014 its lowest level in roughly 16 months. At its trough, the crypto was down more than 50% from its record.<\/p>\n<p>Strategy has more than $8 billion in total debt on its balance sheet, in part due to its issuance of convertible notes used to buy bitcoin. \u00a0<\/p>\n<p>The executive also dismissed suggestions that Strategy would sell any of its digital asset holdings: &#8220;I expect we&#8217;ll be buying bitcoin every quarter forever,&#8221; Saylor said.<\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><title>Stock Chart Icon<\/title><desc>Stock chart icon<\/desc><g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><\/g><\/svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\" class=\"Collapsible-dismissButton\" alt=\"hide content\"\/><\/div>\n<\/div>\n<p><iframe title=\"Strategy, 1 year\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=MSTR&amp;range=1Y&amp;type=mountain&amp;embedded=true&amp;$DEVICE$=undefined\" height=\"460\" scrolling=\"no\" loading=\"lazy\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<p>Strategy, 1 year<\/p>\n<\/div>\n<div class=\"group\">\n<p>Strategy holds 714,644 bitcoins worth about $49 billion as of writing time, per its website. That makes it the largest corporate owner of the digital asset. <\/p>\n<p>Saylor noted his firm has two-and-a-half years worth of cash on its balance sheet to cover dividends.<\/p>\n<p>Strategy shed about 2% on Tuesday as bitcoin broke below $70,000 again. The stock has tumbled more than 40% over the past three months.\u00a0 <\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Strategy CEO Michael Saylor brushed off concerns about the company&#8217;s credit risk if bitcoin continues to tumble. In fact, Saylor said he plans to keep accumulating the cryptocurrency for the company every quarter. &#8220;If bitcoin falls 90% for the next four years, we&#8217;ll refinance the debt,&#8221; the executive said Tuesday on CNBC&#8217;s &#8220;Squawk Box.&#8221; &#8220;We&#8217;ll [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[321,166,995,2811,961,706,778,2810,1952,2812],"class_list":["post-2893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-bitcoin","tag-credit","tag-debt","tag-downplays","tag-michael","tag-refinance","tag-risk","tag-saylor","tag-strategy","tag-tumbles"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/2893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=2893"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/2893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/2894"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=2893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=2893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=2893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}