mstr will become less correlated with Bitcoin in the future, and that's an amazing thing. The more strc drops, the more the market becomes desensitized and stops caring. mstr won't sell BTC, because if they do, the entire company would truly become worthless, plus there's massive debt. Saylor is well aware of this. So what can they do? Just tough it out. strc can default, it can drop to zero, but all of this burden falls on strc holders. Let me emphasize, strc is perpetual preferred stock, but it's not debt. It doesn't guarantee price, doesn't guarantee interest, and has no insurance. strc only has priority distribution rights if mstr goes bankrupt. However, as long as mstr doesn't sell its Bitcoin, even if the stock keeps dropping, the company won't go bankrupt. On the contrary, mNAV will increase, making it even more valuable. Do you get it now? In reality, the most fragile thing is strc. strc holders essentially have nothing, and the price of strc means nothing. If you're holding strc, I feel sorry for you for one second. The most important thing is still Bitcoin.