On April 9, according to a Form 8-K filed by Strategy (formerly MicroStrategy) with the Securities Exchange Commission (SEC) on April 7, if the bitcoin price continues to fall, Strategy may be forced to sell its bitcoin holdings to pay off debt, breaking Michael Saylor's promise to "never sell bitcoin." "As Bitcoin constitutes the vast majority of the assets on our balance sheet, we may be forced to sell Bitcoin to meet our financial obligations if we are unable to obtain equity or debt financing on favorable terms in a timely manner (or at all), and may have to sell below cost or at other unfavorable prices," Strategy noted in its 8-K form. According to StrategyTracker, Strategy currently holds 528,185 BTC at an average cost of $67,458, worth $40.119 billion.