**[Strategy's Asset Value Approximately Six Times Its Liabilities, Cash Reserves Sufficient to Pay Over 30 Months of Dividends]** BlockBeats News, February 22, according to Barchart analysis, based on the latest announcement, Strategy holds 717,131 bitcoins. Calculated at recent prices, these bitcoins are worth approximately $48.7 billion. In comparison, MSTR's debt by the end of 2025 amounts to $8.2 billion. This means the assets are nearly six times the liabilities. Because of this, Strategy CEO Phong Le confidently stated during the earnings call that the price of bitcoin would need to drop to $8,000 per coin and remain at that level for five to six years before the company would face real difficulties in repaying its convertible bonds. Additionally, every bitcoin held by the company is unencumbered, meaning there is no risk of liquidation for its bitcoin holdings. As for the company's debt interest, MSTR needs to pay $888 million in dividends annually. To address this, the company has developed a strategic plan to reserve $2.25 billion in cash by Q4 2025, which is sufficient to pay over 30 months of dividends without utilizing any bitcoin. Notably, the first major debt maturity date is September 2027, providing MSTR with ample buffer time. Analysts believe that Strategy's real pressure lies not in its solvency but in its ability to grow during a bear market. For reference, during the last bear market (the entirety of 2022), Strategy only added approximately 10,000 bitcoins, while the company's stock price remained below the value of its underlying assets for most of the year.