Strategy recently disclosed that, based on its current capital structure, even if Bitcoin were to decline by 11.4% annually for 5.8 consecutive years, the company could still fully pay its debt interest and preferred stock dividends, while maintaining a 1.0x BTC rating. This statement comes amid continued pressure on the crypto market, aiming to demonstrate the company's solvency during a prolonged downturn.

The stress test covered nearly six years of downturn.

This calculation targets a scenario of a near six-year sustained decline, not a one-off sharp drop. According to Strategy, under this assumption, the company can still meet its existing financing obligations and will not break its Bitcoin coverage target due to interest or preferred stock dividend payments.

The article mentions that Bitcoin is currently trading at $64,428. Strategy's stock, MSTR, is down approximately 84% from its November 2024 high. With the market entering a bear market since October 2025, the company is attempting to demonstrate to investors that its Bitcoin Treasury strategy remains sustainable over a longer period.

The financing structure is being adjusted.

The company disclosed that it has recently begun adjusting its financing model to support its Bitcoin strategy. One key focus is restoring the price performance of its preferred stock, Stretch (STRF). Another objective is to create conditions for the company to resume increasing its Bitcoin holdings.

In addition to its financing arrangements, Strategy is also updating its internal metrics system. The new framework no longer uses a simple metric based on the total amount of Bitcoin, but instead uses a net worth metric, incorporating increasing preferred stock and convertible bond obligations to reflect a more complete picture of capital structure pressures.

The industry is simultaneously increasing its investment in Bitcoin security.

Last week, the Bitcoin Security Consortium was launched. The organization focuses on the long-term security and resilience of the Bitcoin network, with members pledging a total of $15 million over the next three years.

Founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy, and Strategy. Strategy's involvement demonstrates its continued commitment to its corporate Bitcoin strategy while expanding its collaboration with industry organizations.

Additional information:Strategy's statement comes from its public announcement on the X platform, which is a unilateral disclosure by the company. Its core purpose is to respond to market concerns about its long-term debt repayment and dividend capabilities.