Debate rages over whether Strategy could recover value of its $51.5B BTC holdings

A debate is intensifying within the industry over whether Strategy (MSTR) could recover the full value of its 762,099 BTC, worth $51.5 billion, if it were to sell its holdings, BeInCrypto reported. Udi Wertheimer, co-founder of the Bitcoin inscription project Taproot Wizards, argued that Strategy would recover a maximum of $20 billion. He explained that since the company holds 3.63% of the total BTC supply, a large-scale sell order would overwhelm market liquidity and cause the price to plummet. In contrast, Bitcoin Asset Research countered that buying 760,000 BTC directly from the market would cost over $50 billion due to slippage, suggesting Strategy's holdings should command a premium. Currently, Strategy's market capitalization is approximately $57 billion, with its holdings equating to one BTC per 496 shares. The company's average purchase price for its BTC is $75,694, placing it at an approximate 10% loss. Yesterday, Strategy announced that it had not made any additional BTC purchases for the first time in 13 weeks.