CryptoQuant CEO: Strategy will only go bankrupt if an asteroid hits Earth.

PANews reported on November 21 that Ki Young Ju, founder and CEO of CryptoQuant, stated on the X platform that Strategy will only go bankrupt if an asteroid hits Earth. He added that any claim that Michael Saylor is selling Bitcoin needs evidence, otherwise it's nonsense. Michael Saylor will not sell Bitcoin unless approved by Strategy shareholders, a point he has repeatedly made clear, because selling even a single BTC would damage the company's reputation and trigger a "death spiral" for both Bitcoin and Strategy.

Ki Young Ju added that failing to convert debt on schedule does not equate to liquidation. Strategy has multiple ways to address this, such as refinancing, issuing new notes, obtaining secured loans, or using operating cash flow. It could also issue new shares to pay dividends or raise funds by pledging Bitcoin. Therefore, there is no real risk of liquidation or bankruptcy. He concluded by stating that even if the price of Bitcoin falls to $10,000, Strategy will not go bankrupt; it will simply restructure its debt, nothing more.