Didn't MicroStrategy face a liquidation risk in 2022 when Bitcoin sharply fall? It was very close to liquidation if I remember correctly but I might be wrong because I didn't pay too much attention to this fact.
Nearly since they experience losses before due to market downturns
https://coinpedia.org/news/will-microstrategy-liquidate-its-bitcoin-holdings-if-btc-price-drops-to-12k/Many people thought that they get dissolve when that situation occurs, but Microstrategy manage to survive and their belief on Bitcoin bring them on where they are right now. if this situation happen to other company for sure they already file a bankruptcy. So let see if 21 Capital could also do what Microstrategy done and they have the same level of belief and understanding since if they don't know how to handle well the situation maybe they are the first one will get dissolve.