Why a Bitcoin Fire Sale Is Unrealistic
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Speculation spiked after CEO Phong Le said selling Bitcoin could be a “last resort” if MSTR’s market value drops below its holdings.
But Hougan says that scenario is extremely unlikely: Bitcoin still trades 24% above MSTR’s average buy price, and the company holds $1.4B in cash—enough to cover interest payments for 18 months.
Bottom line: MSTR has room to breathe, even in a downturn. -
Large BTC holders are long-term investors, reducing chances of mass sell-offs.
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Market liquidity and institutional presence make a fire sale unlikely.
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They will be wiped out when the real bear come.