Strategy CEO Phong Le stated that the company remains comfortable unless Bitcoin's value plummets to the $8,000 to $10,000 range, representing a staggering 85% decline from current levels around $64,500. On Tuesday, MSTR stock increased nearly 6% to close at $97.58, although it still reflects a 36% decrease year-to-date.
A key concern for the company is its preferred stock, STRC, which is supposed to maintain a $100 par value but has dropped below this threshold, trading around $90 after a dip below $75 in June. Le’s personal investment of $1 million in STRC signals his confidence in its recovery.
Strategy is currently the largest public holder of Bitcoin, maintaining between 843,000 and 845,000 BTC, with a goal of acquiring 1 million BTC as part of its strategy. To support this plan, the firm is looking to raise over $80 billion, combining debt and equity to achieve further Bitcoin purchases without liquidating its existing assets.
Le emphasized the importance of maintaining liquidity in U.S. dollars, as it has been essential for the company’s operations. His recent actions, including selling 32 BTC for testing purposes, underline a systematic approach rather than any signs of financial strain.
This material is for informational purposes only and should not be considered financial advice.
