STRC has fallen below $83, hitting a new all-time low. The flywheel logic: Bitcoin rises → MSTR premium (mNAV > 1) → equity offering → buy more Bitcoin As long as STRC’s price is ≥ $99, the ATM issuance channel remains open, allowing Strategy to continuously raise low-cost funds to buy Bitcoin. Risks: The flywheel reverses, mNAV contracts toward 1x, and ATM interest payments erode the entire structure's margin. Once mNAV falls below 1, the only options left are selling Bitcoin to pay interest or suspending interest payments. Do you see an opportunity or a risk here?