Strategy, formerly known under the trade name MicroStrategy, officially confirmed that its financial stability remains unshakable in the face of extreme bearish market scenarios. The firm assured through a post that MicroStrategy Bitcoin reserves would maintain a collateral ratio of 2.0x, even if the digital asset price dropped dramatically to the 25,000 dollars level.
In a recent corporate update, the company broke down the strength of its balance sheet against its current convertible debt. Currently, with a Bitcoin price hovering around 87,812 dollars, the company boasts a notably solid and diversified asset-to-liability profile.
Specifically, the total convertible debt of 8.214 billion dollars is backed by a BTC rating of 6.9x. Furthermore, if the market value fell to its average cost basis of 74,000 dollars, assets would still exceed convertible debt by a safety ratio of 5.9 times. On the other hand, the firm holds 7.779 billion in preferred stock, bringing its total financial obligations to nearly 16.000 billion.
Can MSTR stock withstand selling pressure and index exclusion?
This demonstration of financial strength comes at a critical time where MSTR shares have fallen by more than 49%. The company faces intense scrutiny from MSCI, which is considering excluding companies whose digital assets exceed 50% of their total balance sheets. A negative decision in January 2026 could trigger capital outflows estimated at 2.800 billion dollars. Likewise, JP Morgan analysts warn that if other providers follow this example, passive flow outflows could increase to reach 8.800 billion dollars in forced sales. This scenario pressures the firm to prove that its strategy with cryptocurrencies is sustainable in the long term.
Despite stock market uncertainty, the company continues to optimize its operational infrastructure to mitigate centralized custody risks with a single provider. Recent data from Arkham Intelligence reveals that Strategy has transferred over 58,000 Bitcoin to Fidelity Custody in the last two months. This strategic maneuver seeks to diversify counterparty risk, moving away from an exclusive reliance on Coinbase services. Thus, the company protects its massive holdings of 649,870 BTC currently valued at 56.990 billion dollars. This sends a clear signal to the market about the maturity and seriousness of its corporate treasury management.
The firm remains structurally resilient and overcollateralized, offering a substantial margin of safety against the inherent volatility of the digital market. Although the buying streak has temporarily stopped and the stock price suffers severe corrections, the fundamental solvency of the company does not appear to be at immediate risk of default. Finally, institutional investors will be watching the MSCI decision in January, an event that will define global capital flow into the stock in the near future.
