Strategy Prepares for $75K or $25K BTC After S&P 500 Exclusion
The post Strategy Prepares for $75K or $25K BTC After S&P 500 Exclusion appeared on BitcoinEthereumNews.com.
Key Notes Strategy says its 649,870 BTC still cover its $8.2B convertible debt by 5.9× at its $74K cost basis. Even at $25K BTC, the firm claims its debt remains covered 2x. MSCI’s upcoming January 2026 review may trigger up to $8.8B in forced selling for Bitcoin-heavy firms. Strategy calmed investors after another exclusion from the S&P 500 Index and said that its balance sheet remains solid even as Bitcoin BTC $86 972 24h volatility: 0.2% Market cap: $1.74 T Vol. 24h: $63.09 B crashed to $80,000 not long ago. In a post on X, the company said its Bitcoin reserves, 649,870 BTC worth roughly $56 billion at current prices, continue to far exceed its debt load, despite a difficult quarter for both the asset and the company’s stock. Strategy stated that even if Bitcoin drops to its average cost basis of $74,000, its BTC holdings would still cover its convertible debt by 5.9 times—a ratio the company refers to as its “BTC Rating.” Strategy also noted that at a BTC price of $25,000, the coverage would remain… — Wu Blockchain (@WuBlockchain) November 26, 2025 All is Good, Strategy Claims At a Bitcoin price of $74,000, which is close to Strategy’s average cost basis, the company calculates that its holdings would still cover its $8.214 billion in convertible notes by 5.9 times. Strategy calls this metric the “BTC Rating” which remains one of the firm’s main tools for communicating solvency to the market. Even at $25,000 per Bitcoin, Strategy says the coverage would stand at 2 times, uncomfortable, but well above the point at which repayment risk typically escalates. The company’s full capital stack, including preferred stock series STRF, STRC, STRE, STRK, and STRD, brings total obligations to about $15.993 billion. Data from the firm’s dashboard shows long-dated notes…
