According to the company, even if Bitcoin dropped all the way to $8,000 roughly an 88% decline from higher levels it would still have enough assets to cover all of its outstanding debt.
That’s a bold statement, especially in a market known for sharp cycles and extreme volatility. But it also reflects how the company has structured its liabilities alongside its Bitcoin holdings.
Whether you agree with the approach or not, one thing is clear: this isn’t blind leverage. It’s a calculated bet, backed by a balance sheet designed to withstand worst case scenarios.
In crypto, price swings are normal. Survival through them is what separates conviction from speculation.
