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Add as a preferred source on GoogleStrive CEO Matt Cole Says Cash Can Cover 18 Months of Obligations
Cole said Strive could meet its obligations even if Bitcoin (BTC) fell to a penny, without selling its BTC.
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Strive CEO Matt Cole said a fall in Bitcoin (BTC) to a penny would still leave the company with enough cash to cover its obligations for 18 months without selling BTC.
“Even if BTC went to a penny, we have 18 months of cash to cover all of our obligations,” Cole said. He added that Strive would not need to “sell a single BTC.”
In October, Cole disclosed that a purchase of 1,223 BTC had brought the company’s holdings to 36,818 BTC.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.