{"id":56767,"date":"2025-11-05T08:16:32","date_gmt":"2025-11-05T08:16:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=56767"},"modified":"2025-11-05T08:16:32","modified_gmt":"2025-11-05T08:16:32","slug":"michael-saylor-led-strategy-unlikely-to-get-liquidated-in-next-bitcoin-bear-market-says-popular-analyst-but-foresees-issues-in-2028","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=56767","title":{"rendered":"Michael Saylor-Led Strategy Unlikely To Get Liquidated In Next Bitcoin Bear Market, Says Popular Analyst, But Foresees Issues In 2028"},"content":{"rendered":"<div>\n<p>Cryptocurrency analyst <strong>Willy Woo<\/strong> expressed doubt Monday that <strong>Strategy Inc<\/strong>. (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/MSTR\">MSTR<\/a>) would get liquidated in the next <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) bear market, citing its <a href=\"https:\/\/www.benzinga.com\/general\/market-summary\/25\/01\/42938954\/michael-saylors-microstrategy-faces-risk-if-mstrs-0-convertible-bond-lenders-recall-non-recourse-loans-due-to-covenant-breach-heres-what-it-means-for-investors\">outstanding convertible debt<\/a> obligations.<\/p>\n<h2 class=\"wp-block-heading\">Analyzing MSTR\u2019s Debt Obligations<\/h2>\n<p>Woo took to X, highlighting a table with key upcoming dates and thresholds that could impact the company\u2019s balance sheet, stock price and BTC holdings if triggered.<\/p>\n<p>\u201cThe Holders Put Right Date\u201d refers to the date when the\u00a0bondholder has the right to sell the bond back to Strategy and \u201cDebt\u201d refers to the principal amount of the convertible notes at the risk of being put back.<\/p>\n<p>\u201cConversion Threshold\u201d is the per share price above which bondholders would likely prefer to convert their debt into MSTR shares instead of selling it back. The \u201cEquivalent BTC Price\u201d is the price of Bitcoin at which MSTR  stock stays above the conversion threshold, assuming that the multiple to net asset value, or mNAV, is equal to 1.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">MSTR liquidation in the next bear market? &#8230;<\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/11\/48646007\/michael-saylor-led-strategy-unlikely-to-get-liquidated-in-next-bitcoin-bear-market-says-pop?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Michael\" saylor-led strategy unlikely to get liquidated in next bitcoin bear market says popular analyst but foresees issues>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency analyst Willy Woo expressed doubt Monday that Strategy Inc. (NASDAQ:MSTR) would get liquidated in the next Bitcoin (CRYPTO: BTC) bear market, citing its outstanding convertible debt obligations. Analyzing MSTR\u2019s Debt Obligations Woo took to X, highlighting a table with key upcoming dates and thresholds that could impact the company\u2019s balance sheet, stock price and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-56767","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56767"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56767\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}