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🚨 For the first time in a long time, the market is questioning Michael Saylor's playbook. Strategy's preferred stock STRC just hit a record low, trading roughly 15% below par value. That might sound like a problem for shareholders. But for Bitcoin, it could be a much bigger story. 👀 Bears are focused on a potential domino effect: 📉 STRC stays below par 📉 Raising fresh capital becomes harder 📉 Dividend pressure grows 📉 More Bitcoin sales become a concern 📉 BTC weakens 📉 STRC falls even further It's the type of feedback loop that can feed on itself if confidence starts to crack. But bulls have one powerful counterargument: 🔥 846,842 BTC That's the size of Strategy's Bitcoin treasury. If Bitcoin enters another strong rally, many of these concerns could disappear just as quickly as they appeared. Higher BTC prices strengthen the balance sheet, improve sentiment, and potentially restart the capital machine. The debate isn't really about STRC. It's about whether Saylor's strategy remains brilliant at scale—or whether the growing complexity is creating risks the market can no longer ignore. So here's the question: 🤔 Do you still trust Saylor's Bitcoin strategy, or are the risks starting to outweigh the rewards? #BTC #Bitcoin #Crypto #DailyOrbit