Strategy won’t face Bitcoin liquidation in the next bear market: Willy Woo
Analyst Willy Woo doubts Strategy will face Bitcoin liquidation in the next bear market unless it is extremely sustained.Summary
Bitcoin analyst Willy Woo expressed doubt that Michael Saylor’s Strategy (MSTR) would need to sell any of its Bitcoin holdings to cover debt during the next significant crypto market downturn, stating it would require "one hell of a sustained bear market."
Strategy's debt primarily consists of convertible senior notes. Woo noted that for a specific holder put right date in September 2027, Strategy's stock would need to trade above $183.19 to avoid selling Bitcoin, which roughly corresponds to a Bitcoin price of about $91,502 assuming a multiple net-asset-value (mNAV) of 1.
While Woo does not anticipate liquidation, he warned that a "partial liquidation" is possible if Bitcoin fails to rally sufficiently during the anticipated 2028 bull market.
(Source：Cointelegraph)