380 sats \ 0 replies \ @orthwyrm 2 Nov 2023 \ parent \ on: MicroStrategy Announces Q3 2023 Financial Results; now Holds 158K BTC in Total bitcoin
I think so...
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They no longer have any loans with BTC acting as collateral (the $200M loan from Silvergate was repaid at a discount).
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As of now their average cost basis is $29.5k / BTC, and they are currently sitting on $900M profit (which is x7 their annual revenue).
I'm not seeing any major risk factors. Some people are speculating that the stock will take a hit if ETFs are approved. I could see it losing a premium of sorts, but I'm not sure that will impair their ability to service the debt. They still have the software business and a shit load of corn.