MicroStrategy, Bitcoin's largest institutional investor, has 140,000 BTC at an average cost of $29,803.
Michael Saylor, the founder of the Bitcoin maximalist company, states that they will continue to buy BTC every time.
While MicroStrategy continues to increase its BTCs day by day, the famous investment company Bernstein evaluated the effects of MicroStrategy's selling or not selling the BTCs on the market.
According to the report of Coindesk, Bernstein analysts Gautam Chhugani and Manas Agrawal said that whether MicroStrategy sells BTC assets is closely related to the BTC price.
Analysts, who opened a parenthesis at this point, said that the BTCs in MicroStrategy's hands are not large enough to greatly reduce the price, but that it can affect it in a bearish cycle.
“High BTC prices mean a stronger balance sheet, higher stock prices and easier debt repayment without selling BTC holdings for MicroStrategy.
The company has approximately $2.2 billion in debt. Refunds will be made in 2025 and beyond. The company has committed only 15,000 of its Bitcoins in return for these debts.
MicroStrategy's potential BTC liquidation could only pose a risk to BTC during bear markets, i.e. bearish cycle.
Stating that the BTCs held by NicroStrategy correspond to 0.7% of the total supply, the analysts said that these BTCs represent about 20% of the average daily trading volume in the spot markets.
*Not investment liquidation.