Strategy's BTC Cushion Is Razor Thin

Strategy's own numbers say a lot right now — sitting just 2% above cost basis on 845,050 BTC isn't much breathing room. Their own guide flags a 93% crash scenario, which tells you how thin the margin for error has become. When the biggest corporate holder is this close to their own break-even, it's worth paying attention to what that says about risk in the broader market. Not advice, just math.

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