---
title: "Strategy: The Capital Stack Meets a Falling Bitcoin Price"
url: https://thecoingazette.com/strategy-the-capital-stack-meets-a-falling-bitcoin-price/
date: 2026-06-23
modified: 2026-06-23
author: "Coin Gazette Editorial"
description: "Below is a summarized version of The Block Research's Strategy: The Capital Stack Meets a Falling Bitcoin Price report. The full PDF version of this report is accessible here. Strategy Inc., formerly MicroStrategy, faces the first real test of its Bitcoin-treasury model. It holds 847,363 BTC acquired for $64.10 billion, or an average of $75,651. […]"
categories:
  - "Crypto News"
tags:
  - "Bitcoin"
  - "bitcoin price"
  - "block"
  - "btc"
  - "Markets"
  - "Microstrategy"
  - "price"
  - "research"
  - "Strategy"
  - "The Block"
  - "treasury"
word_count: 56
---

# Strategy: The Capital Stack Meets a Falling Bitcoin Price

Below is a summarized version of The Block Research's Strategy: The Capital Stack Meets a Falling Bitcoin Price report. The full PDF version of this report is accessible here. Strategy Inc., formerly MicroStrategy, faces the first real test of its Bitcoin-treasury model. It holds 847,363 BTC acquired for $64.10 billion, or an average of $75,651. […]