Strategy (previously MicroStrategy) stock has plunged more than 55% from its all-time high, fueling speculation that the company could be forced to sell off its massive Bitcoin (BTC) holdings.
With approximately 499,096 Bitcoin worth $43.7 billion, the firm has built one of the largest corporate Bitcoin reserves, but concerns are rising over its ability to sustain this strategy amid market volatility.
According to the Kobeissi Letter, the risk of forced liquidation primarily hinges on two key factors: a prolonged and significant drop in Bitcoin’s price and MicroStrategy’s ability to raise additional capital.
The company acquired its Bitcoin at an average price of $66,350 per coin. If Bitcoin were to fall well below that level and stay…
