So I actually don't fully understand their entire structure. I may be missing a point as a result. The biggest risk I see if if they need more debt than they're worth in Bitcoin to stay solvent and can't get the debt. If that's the point, then I agree they're fucked if one of several things happen. I was under the impression they were paying debt back for free and clear Bitcoin. While risky, I imagine they'll walk away with Bitcoin.
But this is why I use self-custody instead of Strategy. For me, escaping this kind of bullshit is the whole point.
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