If Bitcoin went to $8K no one is going to refinance MSTR, it would go to 0 instantly. Look through history, in massive leverage unwinds no one jumps in to save your burning ship. The entire MSTR business model hinges on Bitcoin going up double digits year after year, else leverage becomes a problem. I also doubt we go to $8K, so I doubt there is an issue this time (provided $8K is the real threshold), but Bitcoin won't grow at its historic 20%+ growth rate forever, MSTR will need to pivot into a bitcoin bank eventually with "real yield" or fail. It's a ticking clock. I don't know how Saylor sleeps at night knowing this.(Charles Edwards)