Wu Blockchain (@WuBlockchain): Michael Saylor: If Bitcoin Were to Fall 80%, We'll Still Be Fine
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Michael Saylor: If Bitcoin Were to Fall 80%, We'll Still Be Fine Strategy Executive Chairman Michael Saylor stated in an interview with CNBC on November 14 that he is not concerned about further declines in BTC, saying the company “can withstand an 80%–90% drawdown and keep operating.”Adopting a strategy similar to that of an intelligent bank, the company amplifies returns for common stock through preferred equity. This type of preferred equity has no maturity date, with dividends declared by the board of directors rather than fixed coupons, so there will be no default. Source: https://t.co/vbwO8cPtX5