Strategy feels 'very secure' until bitcoin reaches $8,000-$10,000, says CEO
Strategy CEO Phong Le stated that the company remains secure in its bitcoin holdings unless prices drop to the $8,000-$10,000 range. The firm is focused on maintaining a capital structure that can withstand market volatility while managing its debt and liquidity.
Why it matters
As a major corporate holder of bitcoin, Strategy's financial stability and debt management strategies serve as a bellwether for institutional crypto investment.
Strategy (MSTR), the largest public holder of bitcoin BTC $ 64,532.45 , won’t panic unless BTC sinks to the $8,000-$10,000 range, its CEO has said.
Phong Le identified that range as when the company “would have to consider some of the risk associated with our debt,” in an interview with Bloomberg TV on Tuesday .
Such a drop would represent a drop of around 85% based on bitcoin’s current price of around $64,500 as of writing.
“Until that point in time, we feel very secure about the balance sheet,” Le said. “What we need to do is build a capital structure that can withstand bear markets and of course benefit from bull cycles.”
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