There are already a bunch of 'Micro-strategy stocks' on the market
The cryptocurrencies with micro-strategies include: ETH, SOL, BNB, LTC, TRX, HYPE, etc.
To put it simply, after listed companies buy these coins, they tell a story to drive up the price.
The problem is: most of these companies have no business and rely on the coin price for survival; when it rises, they benefit, and when it falls, they crash together.
So what happens when the market crashes?
Coin price drops → Micro-strategy stocks flash crash → Companies dump coins → Coin price drops further → Panic selling
They instead become the 'amplifier' for the crash.
If it really drops, we can't rule out a direct black swan event.
Don't think it's safe just because there are 'coin-holding companies'; during a real crash, these companies can't withstand it and will sell harder than anyone else. $BNB