As reported by BitcoinWorld, a new report from Tiger Research reveals that Strategy, a major player in the crypto space, can withstand a Bitcoin price drop to $23,000 before becoming insolvent. However, the firm warns of a potential market shock in 2028 when call options on a large volume of Strategy’s convertible notes expire. If Bitcoin’s price is near insolvency levels at that time, investors may demand early repayment, forcing Strategy to liquidate up to $6.4 billion in Bitcoin. Such a sell-off could equal 20-30% of global daily spot trading and trigger widespread market volatility.
Tiger Research Warns: Bitcoin Drop to $23K Could Trigger 2028 Market Shock
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