Strategy has likely begun to sell Bitcoin this week (https://mempool.space/tx/2a65703312fbc6485809c8a5f4d08886c941e4cf61c46d04677d838be73295b3). The game theory is vicious: Strategy selling but not selling enough to be safe means the whole market keeps hunting Saylor; there's blood in the water. Saylor refuses to take his medicine, instead crawling towards the inevitable. The market knows it, and will keep pushing him. The whole MSTR STRC BTC reflexive loop can now implode. MSTR holders, STRC holders, or BTC holders will get fucked, but we don't know which, or all. Meanwhile, every other DAT that parroted Strategy will face an existential moment - if Saylor is selling, how can you not? Your stock is already at a discount, and the elephant in the room is now doing the unthinkable.
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