If Bitcoin price does not recover, MicroStrategy is predicted to face significant financial challenges starting in 2027 when its convertible debt matures, potentially forcing it to sell its Bitcoin holdings due to a lack of alternative income.
"For Strategy – if there is no recovery in the price of bitcoin, the real pain will begin in 2027, when the firm’s convertible debt starts to mature. Its borrowing – right now - is modest relative to its assets; but, its lack of alternative sources of income may force it to start selling its bitcoin."