Crypto Scenario Insights
What happened
Strategy's MSTR stock and STRC preferred shares have hit 52-week lows, with MSTR trading at a discount to its net asset value.
What we think
The most likely outcome is a neutral-to-bearish consolidation (55% probability) where Strategy halts Bitcoin accumulation to preserve cash and cover its $1.2 billion annual dividend obligations.
Read the analysis
Strategy's Capital Structure Under Strain — Will MSTR's Discount Force a Halt to Bitcoin Accumulation?
We explain what happened and what could follow. We do not forecast prices.