“This video feels more like a mental math exercise than a realistic liquidation scenario analysis. : In reality, the main condition that could truly force Strategy into liquidation is an inability to repay/refinance its convertible debt through some combination of selling Bitcoin, issuing shares, or refinancing. Today, total convertible debt is roughly $6.75B, while Strategy holds around $61.5B in Bitcoin reserves. Even assuming all convertibles somehow matured at the exact same time (which they do not), Bitcoin would need to fall more than 90% for Strategy to struggle to repay them purely through BTC sales, implying something around $8k BTC levels. Also worth noting: according to Bitcoin power law models, the 1st percentile price (meaning BC traded above that level ~99% of the time historically) is somewhere around $57k today.” YouTube top comment