MicroStrategy, a company that owns lots of Bitcoin (a type of cryptocurrency), saw its stock price drop a lot! Many people worried that MicroStrategy might be forced to sell its Bitcoins to pay its debts. This is called 'liquidation'. It's like if you had to sell your toys to pay for something important.
- MicroStrategy owns almost 500,000 Bitcoins.
- They bought them at an average price of around $66,350 each.
- Experts say a forced sale is unlikely, but Bitcoin's price would need to fall very low for that to happen.
- The company's boss, Michael Saylor, says they won't sell even if the price drops significantly.
| Fact | Number |
|---|---|
| MicroStrategy's Bitcoin holdings (approx.) | 499,096 BTC |
| Current Bitcoin value (approx.) | $89,245 |
| MicroStrategy's average Bitcoin cost | $66,350 |
| MicroStrategy stock price drop | Over 55% |
