Benchmark analysts strongly support: BTC needs to crash 86% for a certain tech giant to face issues, how low is the probability of this?

Question

[Coin World] Recently, when BTC experienced a pullback, discussions about the debt repayment ability of a certain technology company started to surface again in the market. However, analysts from the Benchmark side directly came out to refute those claims.

They did the math: this company holds BTC worth 55.8 billion dollars, and the debt pressure is actually manageable. What’s more critical is that they are playing with a unique structure of perpetual preferred shares. According to their calculations, Bitcoin would have to crash below $12,700, with a decline of over 86%, for any issues to potentially arise—this extreme situation is basically not within the realm of consideration.

Moreover, they have prepared a reserve of 1.44 billion dollars specifically for issuing dividends. BTC is currently fluctuating around 86000 dollars, while the company's stock price has dropped by 4.7%, closing at 168.82 dollars.

To be honest, the position size and risk control measures look quite stable. Of course, who can predict market sentiment? The data is there anyway.

Lonely_Validator · Accepted Answer

A 86% fall? When will I be able to wait for that, I&#39;m getting old.

TokenRationEater · Answer

86%? This probability is even lower than my chances of making money, haha

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It&#39;s a bit outrageous, a BTC 50% slump shouldn&#39;t be the case, this guy really has strict risk control

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$55.8 billion as a ballast, this wave is quite stable

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The perpetual preferred stock play is really clever, something that ordinary people wouldn&#39;t think of

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The data is right here, but the market just loves to think wildly

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$1.44 billion in reserves? How is there still such idle money

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Bitcoin has to crash to a low price for something to happen, and by then humanity will be in trouble

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From this perspective, the holdings are actually not very risk-proof, all in BTC

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The benchmark analysis in this wave of analysis is quite thoughtful

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Wait, the stock price has fallen by 4.7%? Isn&#39;t it supposed to be stable?

blockBoy · Answer

BTC falls 86%? Wake up, guys, is this a dream?

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The $55.8 billion BTC ballast is indeed something, but I still don&#39;t believe in this market sentiment

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The perpetual preferred stock structure is really well done, and the risk control measures are indeed maxed out

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1.44 billion in reserves sounds pretty stable, but who can say for sure these days, right?

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BTC dropping from 86000 to 12700... I don&#39;t think that will happen in this lifetime, haha

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The data looks good, but if the market sentiment turns, it&#39;s all in vain

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This holdings scale is really commendable, a conscience in the industry

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A 4.7% drop in stock price is actually the most reasonable response

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If Bitcoin is going to crash 86%, that would really be an apocalypse scenario, with a probability close to zero

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This financial homework looks pretty good, at least it&#39;s not in a state of naked running.