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Strategy's 840,447 BTC stash, worth $66.7 billion, faces its biggest risk from losing capital-market access, not a Bitcoin crash. Regime Intelligence's stress test found Bitcoin must fall roughly 96% before holdings fail to cover convertible notes. The company must service $1.76 billion in annual obligations.
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Summary by ByteBrief
Strategy pauses BTC buys, launches $1.6B cash pool