MicroStrategy is currently gaining immense traction due to two primary reasons. The fact that the firm has recently debuted on the Nasdaq 100 speaks volumes about its vigor and determination. Secondly, the firm’s dedication and trust towards Bitcoin is also phenomenal, as it continues to buy BTC, portraying its unhinged trust in the crypto domain.
In this wake, one noteworthy analyst shared a striking forecast, adding that Microstrategy may never go bankrupt again and that Bitcoin plays a huge role in holding MSTR strong in the long haul.
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MicroStrategy May Never Go Bankrupt
Ki Young Ju, founder and CEO of Cryptoquant, has once again taken to X to share a compelling new analysis. The expert shared how Microstrategy may never go bankrupt due to its vigor in hoarding Bitcoin obsessively.
In a brief yet detailed new analysis, Ki Young Ju stated how, for 15 years, Bitcoin has never dropped below the cost basis of long-term whales, which is currently standing at $30K.
MicroStrategy only goes bankrupt if an asteroid hits Earth.
For 15 years, #Bitcoin has never dropped below the cost basis of long-term whales, which currently stands at $30K.$MSTR debt is $7B and its $BTC holdings are worth $46B. Based on BTC alone, the liq price is $16.5K. pic.twitter.com/cTwwTGYif4
— Ki Young Ju (@ki_young_ju) December 17, 2024
Cost basis is generally defined as the original price that whales must have paid to acquire a particular asset. The Cryptoquant CEO later outlined how Microstrategy’s debt is currently at $7B, while their BTC holdings are valued at $46B. By analyzing these details, Ki Young Ju outlined how the liquidation price based on the firm’s BTC holdings is $16.5K, making Microstrategy super solid in terms of security and longevity of the firm.
“MicroStrategy only goes bankrupt if an asteroid hits Earth. For 15 years, #Bitcoin has never dropped below the cost basis of long-term whales, which currently stands at $30K. $MSTR debt is $7B, and its $BTC holdings are worth $46B. Based on BTC alone, the liq price is $16.5K.”
I know calculating the liquidation price seems pointless at this point, but man, just try to keep it simple.
— Ki Young Ju (@ki_young_ju) December 17, 2024
Also Read: Dogecoin: Here’s How To Be a Millionaire When DOGE Hits $3.2
The Firm’s Long-Term Stock Forecast
Per TipRanks, MSTR is currently sitting at $386, eyeing a high of $650 if the market momentum and its soaring popularity could help the stock gain the upper hand.
“The average price target for Microstrategy Inc. is $529.57. This is based on 8 Wall Street analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $650.00; the lowest forecast is $312.00. The average price target represents a 37.05% increase from the current price of $386.42. Microstrategy Inc. has a consensus rating of Strong Buy, which is based on 8 buy ratings, 0 hold ratings, and 0 sell ratings.”
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