BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\nAt the time of writing, BTC is trading at $104,140, down 2.6% on the 24-hour time frame but still up 6.5% on the week.<\/span><\/p>\nFeatured image from DALL-E, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"MicroStrategy, the business intelligence firm co-founded by Bitcoin bull Michael Saylor, has significantly ramped up its Bitcoin acquisition strategy, surpassing 400,000 BTC in holdings.\u00a0 However, concerns about the company\u2019s financial stability tied to the Bitcoin price have emerged, particularly from Ki Young Ju, CEO of CryptoQuant. Ju cautioned that while the prospect of MicroStrategy facing bankruptcy is not impossible, it would require an event as unlikely as “an asteroid hitting Earth.” MicroStrategy’s Financial Risks As Bitcoin Price Floor Holds At $30,000 In a recent post on X (formerly Twitter), Ju elaborated on the matter by stating that BTC has maintained a consistent price floor, never dropping below the long-term cost basis of major holders, which currently stands at $30,000. He noted: MicroStrategy’s debt is $7 billion, while its Bitcoin holdings are valued at $46 billion. Based solely on Bitcoin, the liquidation price would be around $16,500. The last cycle’s bottom was at $16,000. Talking about a drop to that level now feels as improbable as predicting $3,000 when Bitcoin was at $60,000. Related Reading: Ethereum Reaches $4,100 For The First Time In Over Three Years, Aiming For $5,000 Next In the context of current price movements, CryptoQuant noted that the price surge toward BTC\u2019s new all-time high above $108,000 on Tuesday was fueled by short liquidations totaling approximately $151 million over the past 12 hours, The firm disclosed that the Bitcoin-to-gold ratio also reached an all-time high during this surge, reinforcing Bitcoin’s reputation as \u201cdigital gold\u201d and affirming its role as a preferred store of value compared to traditional gold assets. Additionally, MicroStrategy’s recent inclusion in the Nasdaq 100 has bolstered market sentiment. Saylor hinted at further Bitcoin purchases, even with spot prices exceeding $100,000.\u00a0 CryptoQuant asserts that this inclusion could lead to passive fund inflows into MicroStrategy shares, providing the company with greater access to capital for its Bitcoin acquisitions. BTC Purchases For Sixth Consecutive Weeks Saylor stated on Monday that Microstrategy has purchased the market’s leading crypto for the sixth week in a row. This transaction adds to the firm’s considerable Bitcoin portfolio, which currently stands at 439,000 BTC, acquired for around $27.1 billion at an average price of $61,725 per coin.\u00a0 Additionally, Saylor revealed that the firm’s Bitcoin assets have produced significant gains, with a 46.4% increase quarter-to-date (QTD) and a 72.4% gain year-to-date (YTD). Related Reading: Solana Monthly Chart \u2018Looks Ready For A Monster Run\u2019 \u2013 Details CryptoQuant also noted that this week\u2019s central bank meetings appear to be secondary to market sentiment surrounding Bitcoin.\u00a0While it remains highly unlikely, an \u201cextremely dovish stance\u201d from the Federal Reserve and Chairman Jerome Powell could provide the necessary momentum for BTC to rise even further. At the time of writing, BTC is trading at $104,140, down 2.6% on the 24-hour time frame but still up 6.5% on the week. Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":642366,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,656,679,1119,1122,1144,78790,6664,14690,1558,83344,81299,91756,89973],"class_list":["post-664240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-news","tag-cryptocurrency","tag-michael-saylor","tag-microstrategy","tag-microstrategy-bitcoin-holdings","tag-microstrategy-news"],"acf":[],"yoast_head":"\n
MicroStrategy\u2019s Bankruptcy Risk: CEO Warns Bitcoin Must Drop To $16,500 To Trigger Collapse<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n