💥 BTC at $8K — Could $MSTR. Strategy Survive? 💥
A viral graphic suggests even if Bitcoin plunges 88% to $8K, MSTR could still cover its $6B debt. Let’s break it down:
Current Position
714,644 BTC
BTC price: $69K → BTC value: $49B
Avg. purchase price: $76K
Net convertible debt: $6B
Stress Test: BTC at $8K
714,644 × $8K = $5.7B
Net debt = $6B → Coverage ≈ 1.0x
✅ Balance-sheet survival technically possible, but not a safety margin.
Why immediate liquidation is unlikely:
Debt maturities: 2027–2032
Mostly convertible notes, not margin debt
Operating revenue & liquidity buffers in place
⚠️ Nuances to watch:
1.0x coverage = survival threshold
Multi-year BTC depression increases refinancing risk
Equity dilution could spike if capital is raised
Bottom line:
Short-term ($2026): $8K seems improbable
Long-term: Extreme downside cannot be fully ruled out
$MSTR isn’t trading BTC — it’s running a leveraged capital structure strategy based on long-term BTC appreciation.
If Bitcoin stayed deeply depressed for years, would conviction be enough… or would capital markets ultimately decide? 🤔
Comment your thoughts below! 👇
#BTC #MSTR #crypto #bitcoin #CryptoAnalysis $BTC $MSTR