市场

Strategy's stock price fell more than 11% in early trading on Tuesday, as the market expressed concerns over potential forced liquidations of Bitcoin it may face

ChainCatcher news, reported by Decrypt, based on analysis from The Kobeissi Letter, although Strategy's stock price fell over 11% in early trading on Tuesday, raising concerns about potential forced liquidation due to Bitcoin, the likelihood of this scenario occurring is low due to structural safeguards.Strategy primarily raises funds through convertible bonds, such as the $2 billion zero-coupon bond maturing in 2030, with an initial conversion price of $433.43 per share, allowing it to obtain capital without immediately diluting shareholder equity. As of now, Strategy holds approximately 499,096 BTC, valued at about $4.44 billion, while its $8.2 billion debt is highly dependent on Bitcoin's performance.This week's significant correction in the crypto market has led to a $3.7 billion evaporation in the market value of Strategy's Bitcoin holdings. Although there is currently no immediate risk, Polymath co-founder Trevor Koverko pointed out that if the market remains sluggish for an extended period, Strategy's collateral requirements and refinancing capabilities will be tested.Additionally, Strategy co-founder and chairman Michael Saylor holds 46.8% of the voting rights, and analysts believe that shareholder resolutions are nearly impossible to pass without his consent, thereby reducing the likelihood of forced selling due to bankruptcy or shareholder resolutions. The Kobeissi Letter also noted that even if the BTC price drops 50% to $33,000, Strategy's assets would still exceed its debts by over 100%, meaning that unless a "black swan" event occurs, forced liquidation is unlikely before the debt matures (earliest in 2028).

4E: Concerns over tariff policies and economic recession intensify, leading to declines in both the US stock market and the cryptocurrency market

ChainCatcher News: U.S. consumer confidence in February fell short of expectations, marking the largest monthly decline in over three years. Additionally, Trump stated that after the grace period, tariffs on imports from Canada and Mexico will be fully imposed, intensifying market concerns about tariffs and economic recession.According to 4E monitoring, U.S. stocks saw more declines than gains on Tuesday, with the Dow Jones rising 0.37%, the S&P 500 falling 0.47%, and the Nasdaq dropping 1.35%. Most large tech stocks declined, with Tesla plummeting over 8.39%, bringing its market value below $1 trillion, followed closely by Nvidia, which fell 2.8%. A recent report from Goldman Sachs indicated that hedge funds are withdrawing from U.S. tech and media stocks at the fastest pace in six months, with the seven tech giants entering a technical correction zone.The cryptocurrency market had already led the decline ahead of U.S. stocks yesterday, with Bitcoin dropping to $86,050 at one point and Ethereum hitting a low of $2,313. The cooling of meme coin trends, along with the upcoming unlocking of a large number of tokens, caused SOL to experience the steepest decline, dropping nearly 50% over the past month. Bitcoin spot ETFs saw a net outflow of $774 million yesterday, marking six consecutive days of net outflows. The cryptocurrency market has remained sluggish since February, and the week started with another significant drop, with the Fear and Greed Index falling to 21, a new low since September of last year.In the forex commodities sector, consumer confidence data pressured the dollar, causing the dollar index to drop 0.2%, nearing a two-month low set on Monday. Market concerns about oil demand, coupled with potential peace talks from Russia, led to oil prices falling over 2%. After reaching new highs, investors took profits, resulting in spot gold dropping over 1.2%.A series of weak data recently suggests that the U.S. economy may be entering a recession. The S&P and Nasdaq have seen four consecutive declines, exacerbating market concerns about declining consumer confidence and the impact of tariff policies on the economy. Traders are generally maintaining a cautious stance, waiting for more economic data and policy guidance. eeee.com (http://eeee.com/) is a financial trading platform supporting assets such as cryptocurrencies, stock indices, gold commodities, and forex. It recently launched a USDT stablecoin financial product with an annualized return of 8%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and to allocate assets wisely.
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