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More likely they can't pay the prefs and suspend dividends.
That's what I was thinking too. The risk is sitting all on the shareholder side.
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Yup, it's all the sucker's problem
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More likely they can't pay the prefs and suspend dividends.
That's what I was thinking too. The risk is sitting all on the shareholder side.
Yup, it's all the sucker's problem
Why do you assume they will hit a liquidation point by next halving?
They currently have 8.2B in debt (not all coming due at once) and 61B worth of Bitcoin. Obviously any sale of Bitcoin to fund debt repayment would be a shock to the market but liquidation seems highly unlikely.
More likely they can't pay the prefs and suspend dividends. That would crush the stock and there would be a lot of pressure on Saylor to reduce Bitcoin exposure. Which again would be a shock to the market but not a liquidation.