$MSTR $BTC 𝙎𝙩𝙧𝙖𝙩𝙚𝙜𝙮'𝙨 𝙣𝙚𝙬 𝙘𝙖𝙥𝙞𝙩𝙖𝙡 𝙥𝙡𝙖𝙣: 𝙘𝙡𝙚𝙖𝙣𝙚𝙧 𝙩𝙤𝙤𝙡𝙠𝙞𝙩, 𝙨𝙖𝙢𝙚 𝙘𝙤𝙧𝙚 𝙧𝙞𝙨𝙠
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Up to $1B in MSTR buybacks, $1B in STRC buybacks, dividend to ~12%, cash buffer to $2.55B — and permission to sell up to $1.25B BTC if needed. Market liked it: STRC and MSTR popped 12%+ after hours.
But the debate isn't settled.
Bears see a still-reflexive loop (funding → BTC → cap → funding) that can run backward under stress, with some drawing LUNA comparisons. Others argue the real risk was never BTC price — it's capital market access.
A 3-year stress test shows the company surviving even a 55% BTC drawdown with markets shut — at a steep cost to shareholders' BTC-per-share.
© Cointelegraph
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Up to $1B in MSTR buybacks, $1B in STRC buybacks, dividend to ~12%, cash buffer to $2.55B — and permission to sell up to $1.25B BTC if needed. Market liked it: STRC and MSTR popped 12%+ after hours.
But the debate isn't settled.
Bears see a still-reflexive loop (funding → BTC → cap → funding) that can run backward under stress, with some drawing LUNA comparisons. Others argue the real risk was never BTC price — it's capital market access.
A 3-year stress test shows the company surviving even a 55% BTC drawdown with markets shut — at a steep cost to shareholders' BTC-per-share.
© Cointelegraph