PANews reported on January 11 that according to Cointelegraph, finance professor David Krause said that a sharp drop in Bitcoin prices could severely affect MicroStrategy, endangering its debt repayment ability and possibly leading to financial distress or bankruptcy, triggering a stock sell-off. Financial analyst Jacob King said that when MicroStrategy's stock price is higher than its Bitcoin net asset value, the company will raise funds through debt or equity to buy more Bitcoin. This cyclical strategy will only work if BTC continues to rise. If BTC stagnates or collapses, the cycle will collapse.