Matrixport: Strategy's stock price has significantly retreated from its previous highs, making it unlikely that it will be forced to sell Bitcoin in the short term.

According to a chart released today by Matrixport, as reported by Odaily Planet Daily, Strategy remains one of the most representative beneficiaries of this Bitcoin bull market. The market had previously worried that the company might be forced to sell its Bitcoin holdings to repay debts. However, based on the current balance sheet structure and debt maturity distribution, we believe that the probability of being forced to sell Bitcoin to repay debts in the short term is low and is not the main source of risk. Currently, the greatest pressure comes from investors who bought at high premiums.

Most of Strategy's financing occurred when the stock price was near its all-time high of $474 and the net asset value per share (NAV) was at its peak. As the NAV gradually declined and the premium narrowed, the stock price also fell from $474 to $207, resulting in significant unrealized losses for investors who entered the market at the high premium.

Using the recent surge in Bitcoin's price as a benchmark, Strategy's current stock price has significantly corrected from its previous highs, making its valuation relatively more attractive, and the expectation of its inclusion in the S&P 500 index in December remains. Even so, this correction reminds us that timing is just as important as valuation, and investors need to be more cautious in controlling their entry prices and purchase opportunities.