BitMEX Research: MicroStrategy Forced to Sell Bitcoin Is Extremely Unlikely

On October 25, analysts at BitMEX Research concluded that the likelihood of MicroStrategy being forced to sell its bitcoin is “extremely unlikely” based on its current debt structure, however, given the volatility of cryptocurrencies, “anything is possible! “. Since the start of its bitcoin strategy in 2020, MicroStrategy has conducted five equity offerings, raising a total of $4.25 billion to date, and MicroStrategy's founder and executive chairman, Michael Saylor, has previously said he has no intention of selling the company's bitcoin. Analysts say that since MicroStrategy's bonds are not currently a major part of its capital structure, a mandatory sale of bitcoin to fulfill bond obligations remains unlikely. (The Block)