Summary
- Cryptoasset analyst Willy Woo analyzed that MicroStrategy is very unlikely to sell Bitcoin.
- MicroStrategy's debt is mostly in the form of convertible bonds; to avoid selling Bitcoin, the stock price must be at least $183.19.
- Market experts say that MicroStrategy selling Bitcoin is not realistic unless an extremely long bear market occurs.
Cryptoasset analyst Willy Woo (Willy Woo) analyzed that MicroStrategy's likelihood of selling Bitcoin (BTC) is low.
On the 5th (local time), according to Cointelegraph, Willy Woo said, "There is almost no chance MicroStrategy will sell Bitcoin in the next bear market," adding, "A sale will not occur unless Bitcoin's price is in an extremely prolonged bear market."
He explained that MicroStrategy's debt is currently mostly in the form of convertible bonds, and that the company can repay at each maturity with cash, common stock, or a combination of both. He continued, "At the maturity on September 15, 2027, about $1.01 billion in debt will remain," and explained, "To avoid selling Bitcoin, the stock price must be at least $183.19." This is similar to the value when Bitcoin's price is about $91,502.
Bitcoin analyst 'The Bitcoin Therapist' also said, "It is highly unrealistic for MicroStrategy to be in a situation where it must sell Bitcoin," adding, "For that to happen, an 'extremely long bear market' would have to continue."
According to Saylor Tracker, MicroStrategy currently holds about 641,205 bitcoins. This corresponds to about $64 billion.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
