CEO of Strategy Calls for Review if Bitcoin Falls Below $8,000

The CEO of Strategy, Pong Le, has rebutted concerns about market debt risks. He stated that a review of debt risks would be necessary if Bitcoin were to drop to the $8,000 to $10,000 range. Currently, Strategy is the world's largest Bitcoin holder, with over 840,000 Bitcoins. CEO Le emphasized that Bitcoin has survived multiple market fluctuations and that the current adjustment phase is part of a long-term cycle. He explained that the company has expanded its cash reserves to approximately $3 billion through recent stock issuance, reflecting the liquidity demands of preferred stock investors. Restoring STRC's par value to $100 is the top priority, and the funds secured from additional preferred stock issuance will be used to purchase Bitcoin. CEO Le mentioned that the Bitcoin held by the company accounts for only about 4% of the total supply and added that even during a recent $216 million Bitcoin sale, the market price increased. He argued that the impact of Strategy on Bitcoin prices is exaggerated and stated that the company aims to become the largest Bitcoin buyer in the near future.

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