MicroStrategy, a business intelligence platform that has been buying and holding bitcoin (BTC) as its treasury reserve asset, hinted at selling some of its holdings to fund long-term debt obligations in the aggregate of $2.208 billion that are due by 2025. In a filing on May 1, MicroStrategy said it did not expect the cash generated by its enterprise analytics software business to be sufficient to satisfy these debt obligations. As such, the company would explore different options, including outright sales of some of its holdings or borrowing against its BTC. Other options available include refinancing the debt obligations, sourcing cash from other sources, issuing and selling shares of its class A common stock, or settling the Convertible Notes obligations under certain unnamed conditions. In December 2022, MicroStrategy sold some of its BTC holdings for the first time since it began accumulating, but it has since purchased more bitcoins this year, acquiring 7,500 BTC in the first quarter, pushing its total holdings to 140,000 BTC.