#MicroStrategyAcquiresBTC MicroStrategy could trigger a crisis and bring down Bitcoin, warns Ripio CEO

The CEO of the Ripio exchange, Sebastián Serrano, warned that MicroStrategy's aggressive Bitcoin accumulation strategy could generate a market crisis. Michael Saylor's company already holds more than 450 thousand BTC, valued at around US$$ 48 billion, acquired through cash and the issuance of debt convertible into shares.

Risks of Michael Saylor's strategy

According to Serrano, this approach has turned MicroStrategy's shares into a kind of “leveraged proxy” for Bitcoin. The problem arises with the purchase of BTC at high prices. If the market faces a prolonged decline, the company may have difficulty honoring its financial obligations.

“The debt can be converted into shares, and new shareholders can sell the BTC quickly,” warned the Ripio CEO. This move could trigger a liquidation spiral, driving down the price of Bitcoin and shaking market confidence.