Analysis: MicroStrategy asset value will only fall below liabilities when BTC falls to $18,826
2024-12-03 13:52:09
Capital advisor Jeff Walton pointed out that the price of Bitcoin needs to fall to $18,826 for MicroStrategy's asset value to be lower than its liabilities, which means that MicroStrategy, a business intelligence company, can survive an 80% plunge in the price of BTC. Although MicroStrategy's bitcoin exposure is higher than ever, and the company continues to buy more bitcoins, the analysis shows that even a long-term price correction would not pose a significant problem for MicroStrategy and CEO Michael Saylor. (Cointelegraph)
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