Stress test on $MSTR if $BTC crashes to $26,600:
Analyst Adam Livingston modeled the nightmare scenario. Stock gets destroyed down to $1.01. Forced to dump 115k+ $BTC.
The alpha? They survive.
No death spiral. No bankruptcy. Still holding 731k+ $BTC after a 3-year bloodbath.
Saylor's bet might be reckless, but it's not a zero. The structure holds even in horror mode.
This is the kind of conviction that either prints generational wealth or becomes a case study. No middle ground.
Analyst Adam Livingston modeled the nightmare scenario. Stock gets destroyed down to $1.01. Forced to dump 115k+ $BTC.
The alpha? They survive.
No death spiral. No bankruptcy. Still holding 731k+ $BTC after a 3-year bloodbath.
Saylor's bet might be reckless, but it's not a zero. The structure holds even in horror mode.
This is the kind of conviction that either prints generational wealth or becomes a case study. No middle ground.