Crypto Scenario Insights
What happened
Strategy Inc. faces a severe capital squeeze as its STRC preferred stock trades 24% below par and dividend obligations balloon to $1.2 billion.
What we think
The most likely outcome is a neutral-to-bearish consolidation (50% probability) where Strategy halts Bitcoin purchases to protect its remaining 14-month dividend runway.
Read the analysis
Will Strategy's Capital Squeeze Trigger a Forced Bitcoin Liquidation?
We explain what happened and what could follow. We do not forecast prices.