Crypto analyst Willy Woo believes that it would require an exceptionally prolonged market downturn for Strategy to resort to liquidating part of its Bitcoin holdings. In a recent post on X, Woo stated, “MSTR liquidation in the next bear market? I doubt it.”

Strategy holds approximately $1.01 billion in debt due on September 15, 2027, and should its stock maintain a trading price above $183.19, it can avoid selling off Bitcoin for repayments. This benchmark is closely tied to a Bitcoin price of around $91,502 with an assumed net-asset value ratio.

Willy Woo
Source: Willy Woo

Woo highlighted that diminishing value for Bitcoin during any future downturn would likely prompt liquidation. He remarked, “Ironically, there’s a chance of a partial liquidation if BTC doesn’t climb in value fast enough in an assumed 2028 bull market.”

Industry leaders like Cathie Wood from ARK Invest and Brian Armstrong from Coinbase project that Bitcoin could reach $1 million by 2030.