CryptoQuant CEO: MicroStrategy Bitcoin liquidation price is only $16,500

CryptoQuant founder and CEO Ki Young Ju wrote on X platform that the probability of MicroStrategy going bankrupt is extremely low. Over the past 15 years, Bitcoin has never fallen below the cost basis of long-term holders, which is currently around $30,000. MicroStrategy's debt is $7 billion, while its Bitcoin holdings are worth $46 billion. Based solely on its Bitcoin holdings, its liquidation price would be $16,500.