Chinese mining CEO says Strategy can survive a $30,000 bitcoin without selling

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Chinese mining CEO says Strategy can survive a $30,000 bitcoin without selling Jiang Zhuoer of BTC.TOP called the week s sell-off speculation overblown, arguing Strategy s small debt and the design of its preferred shares let it keep buying. By Shaurya Malwa | Edited by Omkar Godbole Jun 9, 2026, 4:55 a.m. 2 min read Make preferred on China miner weighs on the Strategy situation. (Unsplash) What to know : Jiang Zhuoer of BTC.TOP argued that even a drop in bitcoin’s price to $30,000 would leave Strategy with relatively low leverage and little need to sell its holdings. He said speculation that Strategy dumped about 45,000 bitcoin from a Fidelity custody wallet is likely overblown, noting the wallet also holds assets for Fidelity’s ETFs. Jiang defended Strategy’s use of high-yield STRC preferred shares, saying limited bitcoin sales to fund dividends are compatible with remaining a net buyer, though some observers warned a prolonged bear market could still force larger sales. Bitcoin BTC $ 63,228.15 can drop down to $30,000 but still won t impact Strategy s BTC plans.