MicroStrategy warns that the significant decline in Bitcoin market value may affect its ability to fulfill obligations, and may require the sale of BTC to repay debts

Odaily Planet Daily News: MicroStrategy disclosed in its 8-K filing with the US SEC that as of March 31, 2025, its total outstanding debt was $8.22 billion, with an annual interest expense of $35.1 million and an additional $146.2 million in preferred stock dividends to be paid annually. Due to the lack of positive cash flow in the enterprise software business, if the market value of Bitcoin drops significantly, the company may be forced to sell Bitcoin at a price lower than cost to fulfill its obligations, increasing the risk of default, and may even be forced into bankruptcy or liquidation proceedings. The company emphasizes that its future financing capabilities are highly dependent on the market value of its Bitcoin assets and changes in market sentiment.