Shares of Strategy (NASDAQ: MSTR) have dropped by over 55% from the November 24 high at $543 to around $250.
MicroStrategy holds approximately 499,096 Bitcoin, worth around $44 billion at current prices.
Forced liquidation of MicroStrategy's Bitcoin treasury is highly unlikely due to the company's ability to raise capital and the structure of their convertible notes.
Michael Saylor, MicroStrategy's Executive Chairman, holds significant voting power and can prevent decisions leading to liquidation.