CryptoQuant CEO Ki Young Ju Disputes Michael Saylor's Claims That He Will Sell Bitcoin! Here Are the Details
CryptoQuant founder and CEO Ki Young Ju stated in a statement on the X platform that the possibility of a financial collapse for institutional Bitcoin investor Strategy is exaggerated.
CryptoQuant CEO: “Even if Bitcoin falls to $10,000, the Strategy won’t fail”
Ju strongly rejected the claims made by some commentators that “Michael Saylor will sell Bitcoin,” stating that these claims were based on no concrete evidence. According to Ju, Strategy's bankruptcy would only be possible “in an extraordinary situation, such as an asteroid hitting Earth.”
Ju pointed out that Strategy's decisions regarding Bitcoin sales can be made with the approval of the company's shareholders, not by the individual choice of the CEO.
Recalling that Michael Saylor has repeatedly stated that he will not sell Bitcoin, Ju said that selling even one BTC would cause serious damage to the company's brand trust and could initiate a “death spiral” for both Bitcoin and Strategy stocks.
The manager also emphasized that the debt conversion processes facing the company do not represent a “liquidation risk.”
According to Ju, Strategy has various financial options for restructuring its debt, including refinancing, issuing new bonds, securing a secured loan, using operating cash flow, or issuing new stock. The company may also consider borrowing using Bitcoin as collateral.
Ki Young Ju stated that concerns are overblown, stating that even if the Bitcoin price drops to $10,000 in the sharpest possible downside scenario, Strategy will not go bankrupt but will instead simply enter a debt restructuring process.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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