MicroStrategy CEO Michael Saylor has publicly stated that the company is not highly levered, countering recent market discussions regarding its capital structure. Saylor defended the firm's balance sheet strategy, which involves issuing convertible notes and equity to fund aggressive Bitcoin acquisitions. He emphasized that the company's treasury strategy is sustainable, claiming that a mere 1.36% annual growth in Bitcoin price is sufficient to cover dividend obligations and interest payments on their debt. Saylor further noted that the company's $800 million in payments are manageable against a $60 billion treasury, reinforcing his previous denials of high-leverage risks amid the company's continued expansion of its Bitcoin holdings. [Update 1] Bitwise CIO Matt Hougan has weighed in on the situation, aiming to quell fears of institutional capitulation. Hougan commented that despite the recent volatility and drop in MicroStrategy (MSTR) stock prices, the company is under no pressure to sell its Bitcoin holdings. He highlighted a significant safety buffer, noting that MicroStrategy's average Bitcoin purchase cost is approximately $74,000, well below current market prices of around $92,000. This statement reinforces the view that MSTR is not facing forced selling dynamics despite equity market turbulence.