Bitcoin Miner CEO Says Strategy Can Withstand Price Drop to $30,000
Jiang Zhuoer argues Strategy's liabilities are manageable even in a severe Bitcoin drawdown.
Jiang Zhuoer, CEO of Chinese mining firm BTCTOP, dismissed fears that Strategy (formerly MicroStrategy) could be forced to sell its Bitcoin holdings in a market downturn. In a social media post, he stated that the company's balance-sheet risk remains manageable even if Bitcoin falls as low as $30,000.
Zhuoer pointed to the company's liability structure, interest payments on its convertible notes (STRC), and funding mechanisms as evidence that a substantial net sale of Bitcoin is unlikely. He shared details from a group discussion analyzing Strategy's debt obligations and market exposure.
The remarks come amid ongoing investor debate over whether Strategy could become a major seller of Bitcoin if prices decline significantly. The company holds over $20 billion in BTC, funded largely through debt and equity offerings.