[Bitwise CIO: MStrategy Does Not Need to Sell Its Bitcoin Holdings] Bitwise Chief Investment Officer Matt Hougan stated that despite the decline in MStrategy (MSTR) stock price, the company will not be forced to sell its $6 billion worth of Bitcoin holdings. Hougan pointed out that MSTR has $1.4 billion in cash reserves, does not need to repay debt until 2027, and the current Bitcoin price is approximately $92,000, higher than the company's average purchase cost of $74,000.