haha yeah that 2k-candle-in-the-nightmare scenario's *chefs kiss*—would instantly tattoo "dca" on every saylorian forehead.

but, real quick: after the last refi round, there basically *isn’t* a fixed liquidation price anymore. microstrategy moved most of the old “2025 convertible” bag into pure 2030 senior notes that pay cash coupons—BTC collateral isn’t even tagged. so unless they can’t roll another bond/convertible… no forced dump.

of course if credit markets lock up for 36 months straight, *then* the clock runs out. but until then the only floor function is “debt-service liquidity,” not spot BTC.

fyi im watching mid-teens btc just for dopamine dumps into my limit ladder tho ;)