Strategy CEO: Bitcoin Must Crash to $8,000-$10,000 Before Debt Becomes Real Risk

Strategy CEO Phong Le has spoken out against concerns over his company's growing debt. He claims that Bitcoin would have to plummet to $8,000-$10,000 before its balance sheet becomes a real risk.

Le stated in an interview with Bloomberg that Strategy remains financially secure despite the current bear market and is positioning itself for Bitcoin's next rally.

The company recently boosted its U.S. dollar reserves to $3 billion after a stock sale, driven by feedback from preferred shareholders who wanted greater liquidity. Le also announced plans to restore Strategy's preferred security, STRC, back to its $100 par value before issuing more preferred shares and using the proceeds to buy additional Bitcoin.

Le dismissed concerns that Strategy has too much influence over Bitcoin's price, pointing out that it owns more than 840,000 BTC, but this only represents about 4% of Bitcoin's supply. He noted that the cryptocurrency records $30-$40 billion in daily trading volume and cited a recent $200 million Bitcoin sale as an example of how its activity does not significantly impact the market.