$BTC STRATEGY (MSTR) UPDATE
Bitcoin would reportedly need to crash 83% from current levels—down to around $13,136—for Strategy’s STRC preferred stock to reach a 1× BTC Rating.
That metric is Strategy’s internal measure of how well its Bitcoin reserves cover debt and preferred claims. It is not a credit rating or a prediction that BTC will fall to $13K. �
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📉 Bottom line: The 83% figure highlights a large modeled cushion, but STRC still carries its own market and structural risks.
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