## CryptoQuant CEO: MicroStrategy Not Facing Imminent Bankruptcy Ki Young Ju, the CEO of CryptoQuant, recently made a bold statement, asserting that the prominent business intelligence firm, MicroStrategy, "will go bankrupt only if an asteroid hits the Earth." Ju's confidence stems from the observation that Bitcoin (BTC) has consistently traded above its long-term whale cost basis of $30,000 for the past 15 years. Notably, MicroStrategy, a leading BTC investor, holds a substantial amount of the cryptocurrency, with its debt obligations currently totaling $7 billion. However, the value of MicroStrategy's BTC holdings stands at an impressive $46 billion, providing a significant buffer against potential losses. Ju's statement underscores the resilience of the Bitcoin market, particularly its ability to withstand downturns. Despite recent market volatility, the whale cost basis has remained a reliable indicator of long-term support, suggesting that MicroStrategy's financial position is not as precarious as some may believe.

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