BTC.TOP CEO Jiang Zhuoer Says Bitcoin at $30,000 Would Not Derail Strategy’s Holdings Plan
Strategy has long accumulated Bitcoin by issuing debt and shares, closely tying its balance sheet to the cryptocurrency’s price and raising market concerns over whether it could be forced to sell. BTC.TOP CEO Jiang Zhuoer said the company’s debt amounts to only about 5% of its assets and that it could cover the 11.5% annual interest on its STRC preferred stock by selling Bitcoin acquired early at low cost.
On June 8, 2026, Jiang said on X that even if Bitcoin fell from about $62,900 to $30,000, Strategy’s debt-to-asset ratio would rise only to about 10%. He also rejected the inference that outflows of about 45,000 Bitcoin, worth $3 billion, from Fidelity custody wallets between May 28 and June 1 showed that Strategy was repaying debt, saying the wallets also hold ETF assets.
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The history behind this eventStrategy CEO Says Bitcoin Below $8,000–$10,000 Is Red Line, Vows to Keep Buying
Strategy, formerly MicroStrategy, holds more Bitcoin than any other publicly traded company and has used leverage, including debt issuance and loans, to accumulate crypto assets. Its financial position is widely viewed as a barometer of market confidence. Because its cost basis is closely tied to market volatility, investors are watching whether a Bitcoin price collapse could expose the company to systemic risks from asset liquidations or debt defaults, with potentially significant consequences for the cryptocurrency market.
Strategy CEO Phong Le said in July 2026 that the company’s recent financing moves were merely part of short-term liquidity management and that its balance sheet remained robust. He stressed that the company would face material debt risks only if Bitcoin fell into the $8,000–$10,000 range. Above that red line, Strategy will maintain its existing strategy, continue buying and remain the largest buyer of Bitcoin.
Bitcoin Slides 21% to Retest $61,000 as Strategy Debt Buyback Fuels Liquidity Fears
Strategy, formerly MicroStrategy, is the world’s largest corporate holder of Bitcoin, and its continued purchases have long supported market demand. If financing constraints turned the company into a seller, Bitcoin prices could fall and Strategy’s own liquidity could deteriorate, potentially creating a cascade of liquidations reminiscent of Terra Luna in 2022. However, the company’s net leverage ratio is just 11%, and no debt covenant currently requires it to sell Bitcoin.
Strategy said on May 15, 2026, that it would use $1.38 billion in proceeds from share sales to repurchase convertible debt and pause Bitcoin purchases. Bitcoin subsequently fell 21% in 10 days, retesting $61,000 for the first time in four months. The company’s cash balance dropped to $900 million, enough to cover only six months of dividends. However, 10x Research pointed to $5.4 billion in net spot ETF redemptions since May 12, arguing that inflation and institutional selling pressure were the main drivers.
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