Analyst Adam Livingston says a three‑year stress test on Strategy’s MSTR stock shows no “death spiral” but warns that Bitcoin value per share could still collapse. His model centers on how much BTC backs each common share if markets turn against the company and funding dries up. He starts with Bitcoin near $59,000, MSTR around … Continue reading Strategy (MSTR) Could Endure a 55% Bitcoin Crash Without a Death Spiral: Analyst