As reported by Chainthink, the cryptocurrency market has been in a downward trend since October, with Bitcoin prices falling below $90,000 and MicroStrategy's stock price dropping by 43% year-to-date. The company, the largest corporate holder of BTC, has seen its market cap fall below the value of its BTC holdings for the first time. Despite the market pressure, CEO Michael Saylor has reiterated the company's commitment to its Bitcoin strategy, stating they are accelerating BTC purchases and will not sell. Analysts suggest the firm is unlikely to sell BTC in the short term unless Bitcoin falls below $50,000 for an extended period. MicroStrategy's financial position remains stable, with BTC prices still above average acquisition costs and no immediate debt repayment pressures until 2027.
MicroStrategy's BTC Holdings Under Scrutice Amid Market Downturn
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