Strategy CEO Phong Le emphasized confidence in the company's financial structure following Bitcoin sell-offs, stating that a price dip to between $8,000 and $10,000 would be necessary to create significant debt pressure.
Despite recent sales of approximately $200 million in BTC, the company is committed to its accumulation strategy, aiming to remain the largest buyer of Bitcoin. Le pointed out that the Bitcoin held by Strategy constitutes only 4% of the total supply, asserting that their actions do not control the market.
In a recent interview with Bloomberg, Le confirmed that the company's cash reserves have reached around $3 billion, bolstered by a recent share sale. This liquidity will help address the needs of preferred shareholders and contribute towards further Bitcoin purchases.
The CEO reflected on the resilience of Bitcoin during past market downturns, indicating that Strategy has maintained stability throughout challenging periods, including 2022. Looking forward, the company plans to continue its growth strategy while navigating potential market risks.
This material is informational and should not be considered financial advice.
