I really don't know how it could play out, but I think a friendly tender offer would be the easiest and quickest path.

Saylor would need 50% + 1 of the voting shares; right now he has 45%. Interestingly, BlackRock holds 5.2%...

Then strike a deal with the USG.

Shareholders would be winners in USD terms. But the race to get back into BTC would make the price skyrocket.