PANews reported on December 10 that according to Bloomberg, MicroStrategy previously pointed out in a document on October 31 that a significant decline in the market value of Bitcoin could have a significant adverse impact on its financial condition. The company said that if the market value of Bitcoin holdings declines significantly, it may lead to liquidity and credit risks because it has limited means of obtaining cash except for the revenue from the enterprise analysis software business. So far, MicroStrategy has not responded to the request for comment.

Bitget CEO Gracy Chen said that if the price of Bitcoin falls sharply, MicroStrategy's ability to repay its growing debt may be threatened, and the impact may go beyond the company itself. Chen pointed out that MicroStrategy's large Bitcoin holdings also bring market concentration risks, and any large-scale sell-offs may cause Bitcoin prices to fluctuate sharply, which in turn affects the entire cryptocurrency ecosystem.