MicroStrategy will go bankrupt if the BTC price falls to $16,500
3 months ago 0
The CEO of CryptoQuant said that MicroStrategy faces bankruptcy only if an asteroid hits the Earth, since Bitcoin has never traded below the average purchase price of long-term investors. Currently this level is approximately $30,000.
With MicroStrategy's $7 billion in debt, the value of their BTC assets is estimated at $46 billion. Even if we look solely at the value of the company's coins, liquidation will only occur if the price of BTC falls to $16,500.
MicroStrategy purchased an additional 15,350 BTC between December 9 and December 15. She already has 439,000 BTC on her balance. This is the sixth straight week the company has disclosed its purchases on Monday. This is also MicroStrategy's first deal with an average price above $100,000.

In November 2024, the company added a record 134,500 BTC to its balance sheet.