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Bitcoin Analyst Willy Woo he shared his opinion that Strategydirected by Michael Saylor, he is not at risk of selling his Bitcoin
BTC
$103,305.46
holdings during the next big market downturn.
In a November 5th post on XWoo said a sell-off from Strategy in the next bear market is doubtful.
He indicated that the company debt is primarily in convertible senior noteswhich allow the company to settle its obligations through cash, shares, or a mixture of the two when payments come due.
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A remarkable debt is approximately $1.01 billion, due on September 15, 2027. Woo explained that the Strategy would be avoid selling Bitcoin to meet this payment if its share price remains above $183.19.
A market watcher known as The Bitcoin Therapist said that the performance of Bitcoin would deteriorate for the Strategy to consider the sale of coins. They said it would take a long and severe market to trigger such a result.
Currently, Strategy holds approximately 641,205 Bitcoins, valued at approximately $64 billion, according to the Latest data from Saylor Tracker.
Although Woo did not expect a sell-off in the short term, he added a caution for the longer term.
If Bitcoin not grow fast enough during the anticipated 2028 bull market, he suggested there is a possibility of partial liquidation by Strategy.
Recently, Saylor explained that the company is not looking to buy other companies that keep Bitcoin on their balance sheets. For what? Read the full story.
