With MicroStrategy (NASDAQ: MSTR) doubling down on its decision to purchase more Bitcoin (BTC), a market player has identified a key economic event that could see the company offload its holdings.
On November 11, the firm announced the purchase of an additional 27,200 Bitcoin for about $2.03 billion. This latest acquisition brings MicroStrategy’s total Bitcoin holdings to 279,420 BTC.
A sale would contradict MicroStrategy’s Bitcoin strategy, which aims to evolve into a Bitcoin bank, creating capital market instruments across diverse financial products.
Now, independent analyst Gert van Lagen has warned that a recession could spell disaster for these Bitcoin holdings, with potential implications for both MicroStrategy and the broader cryptocurrency market, he stated in an X post on November 12.
“When recession sets in, and $MSTR is forced to sell off its BTC stash, $1k-$10k isn’t that far away. From a decentralized perspective it’s not great that a big company own
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