Strategy feels ‘very secure’ until bitcoin reaches $8,000-$10,000, says CEO
Le highlighted increasing the U.S.-dollar reserve as an important lever in preferred stock STRC’s recovery back to around $90 having fallen below $75 last month.
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Summary
- Strategy won’t panic unless BTC sinks to the $8,000-$10,000 range, its CEO has said.
- “Until that point in time, we feel very secure about the balance sheet,” Le said in an interview with Bloomberg TV.
- Le highlighted increasing the U.S.-dollar reserve as an important lever in STRC’s recovery back to around $90. STRC is designed to maintain a $100 par.
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
