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CryptoQuant CEO: MicroStrategy Bitcoin liquidation price is only $16,500

CryptoQuant CEO: MicroStrategy Bitcoin liquidation price is only $16,500

CointimeCointime2024/12/17 07:33
By:Cointime

CryptoQuant founder and CEO Ki Young Ju wrote on X platform that the probability of MicroStrategy going bankrupt is extremely low. Over the past 15 years, Bitcoin has never fallen below the cost basis of long-term holders, which is currently around $30,000. MicroStrategy's debt is $7 billion, while its Bitcoin holdings are worth $46 billion. Based solely on its Bitcoin holdings, its liquidation price would be $16,500.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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