🚨Last week Michael Saylor did NOT buy Bitcoin MicroStrategy failed to raise funds through stock sales For the first time, even Wall Street refused to back his plan Here’s why this could be the beginning of the end for $MSTR👇🧵

❶ This is a historic moment for Strategy For the first time they failed to raise new capital through stock sales Without funding Saylor’s system will collapse fast Could this be the downfall of the company holding the largest $BTC stack in the world?

❷ Over 4 years Strategy raised more than $30B Today their balance sheet holds an insane 640,000 $BTC But $BTC could start dropping as the market overheats For their business model a $BTC crash means irreversible collapse

❸ How is Strategy structured? If it weren’t such a massive company I’d say they’re straight-up gamblers Their model is simple: - take loans - buy $BTC or - issue new shares - buy $BTC Sure it helped the market grow by creating constant demand But at what cost? At the cost of the company itself?

❹ The first alarm already rang - they couldn’t sell their shares For us it means trust in Strategy is falling For them it means they have to find a way to pay off their debt And the only asset they can use for that is $BTC Strategy selling would be extremely bad news for the market

❺ Every previous growth phase since 2020 was supported by Strategy’s buys Now that’s gone which means less demand Combine that with potential selling and the market could drop fast No cycle theory will save it psychology will take over

❻ The biggest issue is that Saylor is neck-deep in debt He’s constantly under pressure from creditors When they start tightening the screws Saylor won’t have a choice but to sell

❼ An interesting point - their reports Of course they include all company sums and plans Their debt as of the last report was over $8B And the possible exit strategy was also listed: “sell”

❽ With this kind of setup new players will eventually take over the market Giants like BlackRock could easily become the new leaders Because deep corrections are inevitable sooner or later And during those corrections Strategy will have almost zero chance of survival

❾ So what happens to the market? This could easily mark the end of the $BTC bull cycle for sure Their sales would trigger chaos fear and panic The initial drop will start from Strategy but the real crash will come from retail panic selling right after

❿ Saylor’s model is starting to collapse Maybe there’s still a small chance the company survives But whether Strategy remains the top $BTC holder is now a mystery Right now everything suggests their first big sell is close And if that happens the market will take a heavy hit