CryptoQuant CEO Refutes MSTR Bitcoin Liquidation Fears Amid Price Drop

CryptoQuant CEO Ki Young Ju addresses concerns about Bitcoin liquidation and bankruptcy rumors surrounding Strategy (formerly MicroStrategy). He argues that these fears misinterpret the company's capital structure.

• Ju states that Strategy's financial setup is not akin to margin trading. Convertible notes not reaching conversion price result in repayment in cash, not liquidation or bankruptcy.
• The company uses conventional finance tools like refinancing and secured borrowing to manage its debt, avoiding forced sales of Bitcoin.
• Strategy positions itself as a Bitcoin treasury firm, making voluntary BTC sales unlikely without a significant shift in shareholder preference.
• As of October 30, 2025, Strategy holds 640,808 BTC, valued at approximately $47.44 billion, with recent acquisitions increasing holdings to around 649,870 BTC.
• Ju clarifies that while MSTR's stock may fluctuate, selling BTC to support its price or avoid bankruptcy is improbable.
• Even if Bitcoin drops to $10,000, Ju suggests Strategy would undergo debt restructuring rather than liquidation.
• Ju emphasizes the difference between volatility and insolvency, dismissing the "Saylor liquidation" scenario as a myth.

At the time of reporting, BTC was priced at $82,050.