Bitcoin Crash To $30,000? China Mining Giant Says Strategy Can Survive
Jiang Zhuoer argued that Strategy is unlikely to become a major net seller of Bitcoin, even under a sharp BTC decline. He said the company’s balance-sheet risk is manageable and that small, selective Bitcoin sales could actually strengthen confidence in its funding model rather than signal distress. His key point is the difference between selling some early, low-cost BTC and becoming a persistent net seller. He said Strategy could sell a portion of its oldest holdings to realize gains, use those gains to help pay STRC interest, and still remain a net accumulator if new STRC-funded BTC purchases exceed what is sold. Jiang also dismissed fears that STRC below par implies insolvency, saying Strategy’s debt-to-asset ratio is low and the issue is mainly market sentiment. He framed the real concern as whether traditional investors believe the company can reliably pay STRC obligations without relying on a fragile funding loop.
