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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).

Security Company: Hackers are using fake GitHub projects to steal cryptocurrency, advising users to carefully check third-party code behavior before downloading

ChainCatcher news, according to Cointelegraph, cybersecurity company Kaspersky recently released research showing that hackers are creating hundreds of fake projects on the GitHub platform to lure users into downloading malware that steals cryptocurrency and credentials. Kaspersky has named this malware activity "GitVenom."Kaspersky analyst Georgy Kucherin pointed out in a report on February 24 that these fake projects include Telegram bots for managing Bitcoin wallets and tools for automating Instagram account interactions. Hackers carefully design project documentation, possibly using AI tools to generate content, and artificially increase the number of project "commits" to make the projects appear to be actively developed.According to Kaspersky's investigation, these malicious projects can be traced back at least two years. Regardless of how the projects are presented, they contain malicious components, such as information-stealing tools that upload saved credentials, cryptocurrency wallet data, and browsing history through Telegram, as well as clipboard hijackers that replace cryptocurrency wallet addresses. In November 2023, a user lost 5 Bitcoins (approximately $442,000) as a result. Kaspersky advises users to carefully check the behavior of third-party code before downloading.
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