MSTR stress test shows BTC per share could collapse
A three-year stress test on MSTR assumed BTC falls to $26,611 by month six.
The model shows the claim ratio rising from 41.5% to 96.7%, common equity BTC per share falling from 138,161 sats to 7,884 sats.
MSTR’s modeled share price drops to $1.01, with the main risk being compression in common equity BTC per share.