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Arca's Chief Investment Officer Jeff Dorman refuted claims that Saylor's strategy (MSTR) faces risks of forced Bitcoin sales.

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Michael Saylor('s MicroStrategy is once again facing scrutiny for its leveraged Bitcoin strategy. Peter Schiff) predicts that the company will go bankrupt, its preferred shares will fall into a “death spiral,” and he has publicly challenged Saylor to a debate. However, Arca's Jeff Dorman( defends the company, pointing out that Saylor's 42% ownership can prevent hostile acquisitions, there are no liquidation clauses on the debt, and its traditional software business can support manageable Interest expenses. Despite a slight rise in Bitcoin, MicroStrategy's stock fell 4.22% to $199.74 on Friday, down 33.42% year-to-date, with its diluted net asset value multiple close to 1.06 times. The trading price of Bitcoin is around $94,293, down 1.2% in the last 24 hours.

BTC-4.99%
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