CryptoQuant CEO: MicroStrategy Bitcoin liquidation price is only $16,500
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2024-12-17 15:32 7,913
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Golden Finance reported that Ki Young Ju, founder and CEO of CryptoQuant, posted on the X platform that the probability of MicroStrategy going bankrupt is extremely low. In 15 years, Bitcoin has never fallen below the cost basis for long-term holders, which currently stands at about $30,000. MicroStrategy has $7 billion in debt and its Bitcoin holdings are worth $46 billion. Based solely on Bitcoin holdings, its liquidation price is $16,500.