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Chinese mining CEO says Strategy can survive a $30,000 bitcoin without selling
Key takeaways
- That wallet also holds Fidelity's bitcoin and ether exchange-traded funds, so tying the outflow to Strategy is an inference rather than a confirmed sale.
- 关于【图1】的FUD，我相信微策略不会大幅净卖出BTC，原因见【图2~图4】的群讨论，同时也讨论了微策略的负债、利息支付、资金等问题 ： ） pic.twitter.com/5jQlrLT33N
- The company's debt equals only about 5% of its assets, he said, and would climb to just 10% even if bitcoin fell to $30,000 from around $62,900 now.
That's from Jiang Zhuoer, chief executive of BTC.TOP, one of China's largest bitcoin mining pools, who shared on X that Strategy is unlikely to sell much of its bitcoin, pushing back on a week of speculation that the company offloaded coins to meet its obligations.
The talk built after an on-chain analyst estimated that about 45,000 bitcoin, worth roughly $3 billion, left a Fidelity custody wallet between May 28 and June 1, and suggested Strategy had sold the coins gradually at an average near $66,000.
That wallet also holds Fidelity's bitcoin and ether exchange-traded funds, so tying the outflow to Strategy is an inference rather than a confirmed sale. Jiang, writing on Sunday (in Mandarin), called the speculation overblown.
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