Strategy said it can fully meet its financial obligations under its current capital structure even in a scenario of prolonged declines in bitcoin (BTC) prices. The company said its own analysis, based on the assumption of a long bear market, shows it can cover both interest costs and preferred share dividends. It said it is moving to restore market confidence.

U.Today, a blockchain media outlet, reported on July 26 that Strategy recently said on X, formerly Twitter, that even if bitcoin declines 11.4 percent every year for the next 5.8 years, it can pay all interest costs and preferred share dividends in full under its current capital structure.

The scenario assumes a prolonged slump rather than a short-term plunge. Strategy said that based on its current financial structure, it can keep meeting debt interest and preferred share dividend payments while maintaining its targeted “1.0x BTC Rating” even if bitcoin continues to fall for about 6 years. It effectively stressed that its funding structure has sufficient resilience even in a long bear market.

Market conditions remain challenging. Bitcoin is trading at around $64,428, about 49 percent below its all-time high. Strategy's shares are also down about 84 percent from their peak in November 2024. The crypto market remains under the influence of a bear market that has continued since October 2025.

Against this backdrop, Strategy is also pursuing a restructuring of its funding structure. The key is to overhaul the financial framework that supports its bitcoin buying strategy. It presented a recovery in the price of its preferred share “Stretch (STRF)” as a key task and said it plans to build a foundation to resume additional bitcoin purchases in the future.

It has also revamped its set of financial metrics. Strategy said it has continuously adjusted its guidance over the past year to fit a bear-market environment and introduced a new set of market metrics that reflects net-based figures instead of existing total-based bitcoin metrics. It said the new metrics are designed to more accurately show actual financial soundness by reflecting burdens arising from financing tools such as preferred shares and convertible bonds.

The message the company delivered to the market is clear. It said that even if bitcoin does not plunge in the short term but instead declines gradually for years, its current capital structure can maintain commitments to debt interest and preferred share dividends and can also maintain its targeted financial soundness standards.

Strategy also recently participated in the launch of the Bitcoin Security Consortium to support the long-term security and resilience of the bitcoin network. The consortium will operate based on a total of $15 million pledged by member companies over the next 3 years. Founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy and Strategy.

The market is watching whether Strategy can actually resume additional bitcoin purchases by restoring preferred share value through a restructuring of its capital structure, and whether the new financial metrics system designed on the premise of a prolonged slump can secure investors' trust.