$BTC plummeted, will MicroStrategy sell $BTC? This week, MicroStrategy has once again halted its purchasing process of $BTC. The $2 billion that MicroStrategy just raised has all been converted into Bitcoin.
The cryptocurrency market has crashed, causing MicroStrategy's stock to plummet as well, making financing more difficult; even the landlord is out of resources.
Some are concerned: MicroStrategy may be forced to sell Bitcoin, facing a series of liquidations, leading to a downward spiral in Bitcoin prices.
This scenario is unlikely to happen for two reasons: First, MicroStrategy has very low debt, with financing bonds maturing in 2028, and it will pass through another bull-bear cycle, allowing ample time.
Secondly, the founder holds more than 40% of the voting rights, effectively giving him veto power. He just stated: he would rather sell a kidney than sell Bitcoin. #微策略
The cryptocurrency market has crashed, causing MicroStrategy's stock to plummet as well, making financing more difficult; even the landlord is out of resources.
Some are concerned: MicroStrategy may be forced to sell Bitcoin, facing a series of liquidations, leading to a downward spiral in Bitcoin prices.
This scenario is unlikely to happen for two reasons: First, MicroStrategy has very low debt, with financing bonds maturing in 2028, and it will pass through another bull-bear cycle, allowing ample time.
Secondly, the founder holds more than 40% of the voting rights, effectively giving him veto power. He just stated: he would rather sell a kidney than sell Bitcoin. #微策略