Michael Saylor says Strategy will refinance debt and continue buying bitcoin regardless of price drops. The CEO told CNBC that even if bitcoin falls 90% for four years, the company will simply roll forward its debt obligations.

Strategy holds over $8 billion in total debt from convertible notes used to purchase bitcoin. The company currently owns 714,644 bitcoins worth approximately $49 billion, making it the largest corporate holder of the digital asset. Saylor dismissed concerns about banks refusing to lend to the firm if bitcoin collapses, citing the cryptocurrency's volatility as a reason lenders would remain engaged.

Bitcoin traded at $68,970.45 Tuesday, down 9% over five days and 15% from its recent peak. Despite the price retreat, Saylor said Strategy expects to keep buying bitcoin every quarter indefinitely. The company has two-and-a-half years of cash reserves to cover dividends. Strategy shares fell about 1.2% Tuesday morning and have declined roughly 60% over the past year.