Have you heard about this exciting scenario that's igniting the X platform?
A narrative circulating on the X platform discusses a potentially massive $50 billion liquidation event that threatens the stability of the Bitcoin market. This event is allegedly driven by a calculated strategy by BlackRock, the world's largest asset manager, to take over MicroStrategy, the second-largest holder of Bitcoin with a portfolio of 499,096 BTC (worth approximately $44 billion).
BlackRock Moves to Dominate
BlackRock allegedly acquired a 5% stake in MicroStrategy to secure influence on its board of directors.
The alleged plan: to pressure the price of Bitcoin to force the company to sell its shares at low prices, exploiting its $8.2 billion in debt.
However, these allegations remain speculative, as there is no recent documentary evidence to date.
The Imminent Threat $50 Billion Liquidation
If the price of Bitcoin (currently $81,900) falls below MicroStrategy's average purchase price ($66,350), the company could liquidate its entire holdings.
Impact: A severe shakeup in the cryptocurrency market could erode institutional investor confidence and threaten Bitcoin's stability.
MicroStrategy's Response
Defense Strategy
MicroStrategy is reportedly selling $21 billion worth of shares to buy more Bitcoin and avoid liquidation.
This figure It appears exaggerated compared to official data ($31.1 billion total as of February 2025).
Other options: Sell additional shares or restructure debt to maintain financial stability.
Potential Implications
Market and Geopolitical Impact Collapse of Confidence: The collapse of MicroStrategy could lead to a decline in institutional support for Bitcoin.
US Position: The US government may abandon the idea of considering Bitcoin a strategic reserve asset, but there is no evidence to support selling its current holdings. Long-Term Impact: A potential bear market for years.
BlackRock's Wider Role
Consolidating Influence in the Crypto WorldBlackRock owns a $48 billion IBIT fund, reflecting its growing interest in Bitcoin.
Potential Goal: Control of a significant portion of Bitcoin holdings through MicroStrategy, but this remains uncertain.