In a statement on X, Ki Young Ju, CEO of CryptoQuant, a leading on-chain analytics firm, provided a stark assessment of MicroStrategy’s financial health in relation to its Bitcoin investments.
Can MicroStrategy Go Bankrupt?
Ju stated, “MicroStrategy only goes bankrupt if an asteroid hits Earth. For 15 years, Bitcoin has never dropped below the cost basis of long-term whales, which currently stands at $30K. MSTR debt is $7B and its BTC holdings are worth $46B. Based on BTC alone, the liq price is $16.5K.” He further simplified his analysis by urging, “I know calculating the liquidation price seems pointless at this point, but man, just try to keep it simple”.
This bullish perspective on MicroStrategy’s solvency comes…
