Wall Street brokerage firm Benchmark has dismissed concerns about Strategy’s financial stability following a recent drop in the Bitcoin (BTC) price. In a report released Monday, analysts at Benchmark argue that market fears are simply noise and that Strategy’s overall financial structure remains robust. 649,870 BTC worth $55.8 billion, held by Strategy, is backed by ultra-low-cost convertible notes of $8.2 billion and perpetual preferred stock of $7.6 billion. This position helps keep total debt manageable while maximizing Bitcoin leverage according to Benchmark’s analysis. The firm further highlights the advantage of Strategy’s unique “perpetual preferred stock structure” as a key differentiator from other digital asset holding companies. Benchmark argues that real financial risks only emerge if Bitcoin plummets to around $12,700 for an extended period. This scenario is highly improbable, considering the current market dynamics heavily influenced by institutional investors.