Jiang Zhuoer states Strategy’s low debt and preferred shares allow it to avoid liquidating BTC holdings even if prices drop to $30,000.
BTC.TOP CEO Jiang Zhuoer said Strategy can withstand a bitcoin price drop to $30,000 without selling holdings, citing low leverage and preferred share structures. The firm’s debt levels remain manageable, reducing pressure to liquidate assets during market downturns.
Recent speculation suggested Strategy sold 45,000 BTC, worth $3 billion, from a Fidelity custody wallet. Zhuoer dismissed the claims, noting the wallet also holds assets for Fidelity’s ETFs, making attribution uncertain. The average sale price was estimated near $66,000.
Zhuoer defended Strategy’s use of high-yield STRC preferred shares, arguing limited sales for dividends keep the firm a net buyer. However, some analysts warn prolonged bear markets could force larger liquidations.