TechFlow news, June 3 — According to CoinDesk, Geoff Kendrick, head of digital asset research at Standard Chartered, warned that if Bitcoin's price drops 22% below the average purchase price, forced corporate sell-offs could occur. Currently, 61 listed companies collectively hold 673,800 bitcoins (3.2% of total supply).
The report noted that Strategy (MSTR) holds 580,000 of these, representing the vast majority. Drawing from the precedent of Bitcoin miner Core Scientific selling 7,202 BTC in 2022 when prices fell 22% below production costs, if Bitcoin falls below $90,000, half of these corporate holdings would face loss risks. While the current wave of corporate Bitcoin accumulation increases buying pressure, it also creates potential for future sell-offs.
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