BTC.TOP CEO Claims Strategy Can Weather Bitcoin Drop Without Selling
Chinese mining CEO says Strategy can survive a $30,000 bitcoin without selling

Image: Coindesk
Jiang Zhuoer, CEO of BTC.TOP, asserts that Strategy can sustain a drop in Bitcoin to $30,000 without needing to sell its holdings. He argues that speculation about a significant sale of Bitcoin is exaggerated, citing the company's low debt levels and the structure of its preferred shares as key factors in maintaining its investment strategy.
- 01Jiang Zhuoer stated that even if Bitcoin drops to $30,000, Strategy's debt would only increase to 10% of its assets.
- 02Speculation that Strategy sold 45,000 Bitcoin from a Fidelity wallet is deemed overblown, as the wallet also contains assets for Fidelity's ETFs.
- 03Strategy's preferred shares, STRC, pay an 11.5% annual dividend, allowing the company to remain a net buyer of Bitcoin.
- 04Jiang emphasized that selling older Bitcoin can fund dividend payments while still acquiring new Bitcoin.
- 05Concerns remain that a prolonged bear market could force Strategy into larger sales regardless of management's intentions.
Advertisement
In-Article Ad
Jiang Zhuoer, the CEO of BTC.TOP, one of China's largest Bitcoin mining pools, has asserted that his company, Strategy, can withstand a potential drop in Bitcoin prices to $30,000 without needing to sell its holdings. Jiang argues that the recent speculation regarding Strategy's alleged sale of approximately 45,000 Bitcoin, worth around $3 billion, is exaggerated. He highlighted that Strategy's debt constitutes only about 5% of its assets, which would only rise to 10% in the event of a significant price drop. Furthermore, he defended the company's strategy of utilizing high-yield STRC preferred shares, which pay an 11.5% annual dividend. This structure allows Strategy to continue buying Bitcoin while making limited sales to fund dividends. Despite these reassurances, some analysts caution that a prolonged bear market could necessitate larger sales, contradicting the company's long-standing policy of not selling Bitcoin. Currently, Bitcoin is trading around $63,400, having experienced a nearly 10% decline over the past week.
Advertisement
In-Article Ad
The stability of Strategy's investment approach could influence market confidence in Bitcoin mining operations.
Advertisement
In-Article Ad
Reader Poll
Do you think Strategy will need to sell Bitcoin if prices drop significantly?
Connecting to poll...
Read the original article
Visit the source for the complete story.



