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- 📢 Gate has released its latest Proof of Reserves report!
As of July 11, 2025:
💰 Total reserves reached $10.504 billion
📈 Reserve ratio stands at 126.03%
✅ Covers over 350 types of user assets
🔼 Surplus reserves increased 10.66% to $2.17 billion
Committed to transparency and user fund security.
📎 Learn more: https://www.gate.com/proof-of-reserves
- 📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
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Include hashtags: #Creator Campaign
- 🌟 Photo Sharing Tips: How to Stand Out and Win?
1.Highlight Gate Elements: Include Gate logo, app screens, merchandise or event collab products.
2.Keep it Clear: Use bright, focused photos with simple backgrounds. Show Gate moments in daily life, travel, sports, etc.
3.Add Creative Flair: Creative shots, vlogs, hand-drawn art, or DIY works will stand out! Try a special [You and Gate] pose.
4.Share Your Story: Sincere captions about your memories, growth, or wishes with Gate add an extra touch and impress the judges.
5.Share on Multiple Platforms: Posting on Twitter (X) boosts your exposure an
- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
If Bitcoin falls further, can MicroStrategy be liquidated? Which level is very critical for liquidation in BTC?
While MicroStrategy (MSTR) is experiencing a significant drop of over 55%, speculation about the possibility of 'forced liquidation' has increased. With the company owning approximately 499,096 Bitcoin worth 43.7 billion dollars, many are questioning whether further price drops in Bitcoin will force MicroStrategy to sell its assets.
MicroStrategy has been accumulating Bitcoin for years with an average purchase cost of about $66,350 per BTC. This is not the first time concerns about liquidation have arisen; similar discussions emerged during the bear market of 2022 when Bitcoin dropped from around $70,000 to about $15,000. However, the key question still remains: Is this time different?
The foundation of MicroStrategy's Bitcoin strategy is based on its ability to raise capital. In a scenario where liabilities significantly exceed assets, this capability could be at risk. However, this situation does not necessarily mean "forced liquidation".
MicroStrategy's approach includes the following:
Currently, MicroStrategy has approximately $43.4 billion worth of Bitcoin, reflecting a leverage ratio of about 19%, with a total debt of around $8.2 billion. More importantly, most of this debt is in the form of convertible securities with conversion prices below the current stock price and do not mature until 2028.
A forced liquidation will likely necessitate a 'fundamental alteration' within the company. Under current credit agreements, the early repayment of convertible bonds can be triggered under certain conditions. However, typically one of the following conditions will need to be met for this to occur:
MicroStrategy's co-founder and Chairman of the Board, Michael Saylor, holding 46.8% of the voting power, makes it unlikely for shareholders to initiate a liquidation movement.
For a serious liquidity problem to arise, Bitcoin would need to experience a sustained price drop of over 50% from current levels. Saylor has repeatedly dismissed the idea of forced liquidation, even claiming that the company would 'buy all the Bitcoin' if it dropped to $1. However, the role of convertible shareholders in such a scenario cannot be ignored.
A continuous decline in both Bitcoin and MSTR stock prices could hinder MicroStrategy's ability to raise capital, which is crucial for its long-term strategy. Investors have been witnessing the first bear market for MicroStrategy since its Bitcoin-focused strategy started gaining attention in 2024. The real question is: Will investors continue to "buy the dip"?
Michael Saylor's stance is clear: "Bitcoin is on sale." Time will tell whether the market will agree with this.