coinpedia.org
Strategy CEO Phong Le has pushed back against concerns over the company’s growing debt. He said Bitcoin would have to plunge to $8,000-$10,000 before its balance sheet comes under real pressure.
Speaking to Bloomberg, Le said Strategy remains financially secure despite the current bear market. In addition, the company is positioning itself for Bitcoin’s next rally.
Debt Risk Remains Low
“When Bitcoin gets down closer to $8,000 to $10,000, that’s when we have to consider some of the risks associated with our debt,” Le said. “Until that point in time, we feel very secure about the balance sheet.”
He added that Bitcoin has survived multiple market cycles and expressed confidence that another bull run will eventually arrive.
“We’ve been through this in 2022, we’re going through it in 2026, and I’m pretty excited about the next bull market of Bitcoin.” Le said.
Building Cash and Strengthening STRC
Strategy recently boosted its U.S. dollar reserves to $3 billion after a stock sale. Le said this move was driven by feedback from preferred shareholders who wanted greater liquidity.
The company is also focused on restoring its preferred security, STRC, back to its $100 par value. This will happen before issuing more preferred shares.
“Our plan is to get STRC back to par,” Le said, adding that building cash reserves and maintaining a resilient balance sheet are central to keeping debt risk low.
Once STRC returns to par, Strategy plans to issue more preferred shares and use the proceeds to buy additional Bitcoin.
Bitcoin Is Bigger Than Strategy
Le also dismissed concerns that Strategy has too much influence over Bitcoin’s price.
Although the company owns more than 840,000 BTC, making it the largest identified corporate holder, Le noted that it represents only about 4% of Bitcoin’s supply.
“Bitcoin is a lot bigger than us,” he said, pointing out that the cryptocurrency records $30-$40 billion in daily trading volume.
To support his argument, Le referenced Strategy’s recent $200 million Bitcoin sale, saying it “did not move the market. In fact, the market moved up during that period.”
Still Committed to Buying Bitcoin
Le made it clear that Strategy has no plans to slow its Bitcoin strategy.
“We’re not going anywhere,” he said. “My objective would be to be the largest buyer of Bitcoin for the foreseeable future.”
For now, the company remains focused on strengthening its balance sheet, rebuilding STRC, and continuing to accumulate Bitcoin. At the same time, it is preparing for the next market cycle.