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Strategyβs $53 billion Bitcoin holdings currently cover its financing costs, but a deeper Bitcoin decline could make funding more difficult.
Analysts estimate that if Bitcoin falls to $30,000, Strategy may need substantial share issuance to meet obligations, increasing pressure on MSTR stock.
In a severe downturn, selling Bitcoin could become a fallback option, potentially adding further pressure to the cryptocurrency.
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This marks a fall to 651 unique investors, well below the all-time high of 2,564 seen in 2022, and points to increasing concentration of venture capital among a smaller group of specialized participants.
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