Strategy CEO: Debt Stress Unlikely Unless Bitcoin Falls to $8,000–$10,000

Strategy has pushed back on market worries about its leverage, saying debt-related risks would become a meaningful balance-sheet issue only if Bitcoin drops to roughly $8,000–$10,000. In comments to Bloomberg cited by CoinDesk, CEO Phong Le said the company does not see the current bear market as a material threat to its debt structure. He added that management would take a more serious look at debt pressure only if Bitcoin were to slide further into the $8,000–$10,000 range. Le also pointed to Bitcoin's history of repeating cycles, noting the firm navigated similar periods in 2022 and 2026 and remains confident about the next upswing. Strategy has also lowered the price level it views as a debt-pressure trigger. Le said a near-term priority is restoring STRC to par value. To support that effort, Strategy is emphasizing larger cash reserves and a more durable balance sheet as a way to reduce potential debt strain. He described boosting cash and reinforcing the firm's financial structure as the key risk-management tools at this stage, alongside tighter short-term liquidity management. The CEO also rejected the idea that Strategy is distorting Bitcoin's price. He said the company holds more than 840,000 BTC—about 4% of total supply—while the broader market remains far larger than any single participant, with daily trading volume around $3 billion to $4 billion. As an example, he said a prior $200 million Bitcoin sale did not weigh on prices, and Bitcoin actually rose during that period. Le said Strategy does not plan to slow its Bitcoin program and intends to remain among the market's largest buyers. The remarks reflect public media comments by the CEO and do not represent new quantitative disclosures in the company's latest financial report.