EconomyMichael Saylor’s $13,400 Bitcoin floor reveals the order of losses in Strategy’s debt stack
Strategy markets an approximately $13,400 “BTC Floor” for its STRC preferred stock, but the SEC-filed metric only marks the Bitcoin price at which an illustrative coverage ratio reaches 1.0x. It provides no claim on Strategy’s Bitcoin or assurance of solvency or recovery. The analysis shows how depleted USD assets could raise the threshold and outlines the ranking of creditors, preferred holders and common shareholders in a restructuring.
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CryptoSlate★★☆☆☆2026-08-31 11:30Original
Michael Saylor’s $13,400 Bitcoin floor reveals the order of losses in Strategy’s debt stack
Economy