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Chinese mining CEO says Strategy can survive a $30,000 bitcoin without selling
Jiang Zhuoer of BTC.TOP called the week’s sell-off speculation overblown, arguing Strategy’s small debt and the design of its preferred shares let it keep buying.
Jun 9, 2026, 4:55 a.m. 2 min read
What to know:
- Jiang Zhuoer of BTC.TOP argued that even a drop in bitcoin’s price to $30,000 would leave Strategy with relatively low leverage and little need to sell its holdings.
- He said speculation that Strategy dumped about 45,000 bitcoin from a Fidelity custody wallet is likely overblown, noting the wallet also holds assets for Fidelity’s ETFs.
- Jiang defended Strategy’s use of high-yield STRC preferred shares, saying limited bitcoin sales to fund dividends are compatible with remaining a net buyer, though some observers warned a prolonged bear market could still force larger sales.
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.
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— 江卓尔_莱比特矿池 (@Jiangzhuoer2) June 7, 2026
