1d ago
MicroStrategy's Convertible Debt Structure Protects $64 Billion Bitcoin Treasury From Forced Liquidation
MicroStrategy's 641,205 BTC holdings are shielded from forced sales through convertible debt instruments that allow settlement via stock issuance or cash, according to Bitcoin analyst Willy Woo. The company's $1.01 billion debt maturing in September 2027 would only trigger liquidation risk if its stock falls below $183.19, equivalent to Bitcoin at $91,500. Despite Bitcoin's recent 10% weekly decline to $101,377, the firm maintains the largest corporate Bitcoin position globally.
1d ago
2d ago
Crypto Market Falls 4% as $1.13 Billion in Liquidations Hit Traders on November 3
The global cryptocurrency market capitalization fell more than 4% to $3.54 trillion on November 3, triggering $1.13 billion in liquidations across nearly 300,000 trader positions. Bitcoin dropped below $107,000 with a 4% decline, while Ethereum fell to $3,621 after losing over 6%. Data show long positions accounted for $1.05 billion of total liquidations, reflecting widespread overleveraged bullish exposure.
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2d ago