Strategy feels 'very secure' until bitcoin reaches $8,000-$10,000, says CEO

Markets 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. By Jamie Crawley | Edited by Oliver Knight Jul 15, 2026, 12:00 p.m. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on New MicroStrategy CEO Phong Le (MicroStrategy) Summary Show 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. Strategy (MSTR), the largest public holder of bitcoin BTC $ 64,532.45 , won’t panic unless BTC sinks to the $8,000-$10,000 range, its CEO has said. Phong Le identified that range as when the company “would have to consider some of the risk associated with our debt,” in an interview with Bloomberg TV on Tuesday . Such a drop would represent a drop of around 85% based on bitcoin’s current price of around $64,500 as of writing. “Until that point in time, we feel very secure about the balance sheet,” Le said. “What we need to do is build a capital structure that can withstand bear markets and of course benefit from bull cycles.” Strategy’s preferred stock STRC, which is designed to give it the cash flow to fund its bitcoin buying in return for a regular dividend — currently a 13% annual yield, has been under pressure in recent months. The stock is designed to maintain a $100 par, which it lost in April and falling below $75 in late June . When STRC falls below $100, it restricts Strategy’s ability to issue new shares and then use the cash to buy bitcoin. Le highlighted increasing the U.S.-dollar reserve as an important lever in STRC’s recovery back to around $90. “We’ve learned over the last couple of months that having that liquid access to U.S.-dollar capital is quite important,” he said. “So we’ll continue to build that.” MSTR closed nearly 6% at $97.58 on Tuesday, but some 36% lower year-to-date and 78% lower than 12 months ago. For many observers, the key metric is MSTR’s multiple to net asset value (mNAV), which compares the shares’ market cap to the value of its bitcoin holdings. The metric fell below 1 at the end of June and now sits at 1.02 meaning the shares offer only a slight premium to its BTC coffers. “As long as MSTR is priced at greater than the net-asset value of our bitcoin, it means that our shareholders are giving us credit for the performance above bitcoin,” Le said. Bitcoin News Related Assets Bitcoin $ 64,532.45 3.02 % Latest Crypto News 1 Bitcoin rally cools as investors digest inflation data, oil clouds outlook 15 minutes ago 2 Crypto steadies as Middle East tensions counter U.S. inflation report boost 55 minutes ago 3 Stripe mounts blockbuster $53 billion bid to buy PayPal 1 hour ago 4 Live markets: Bitcoin, ether ETFs draw inflows as majors rise as much as 5% 3 hours ago 5 UK plans first G7 digital sovereign bond by early 2027 3 hours ago 6 AI agentic payments enter mainstream as Visa, Mastercard, Ripple back x402 standard 5 hours ago 7 Bitcoin nears $65,000 as cooling U.S. inflation guts the Fed rate-hike trade 6 hours ago 8 U.S. CFTC moves to stop Kalshi from canceling trades as ordered by Michigan court 15 hours ago 9 Some U.S. Senate Democrats come out against Clarity Act, calling it a 'corrupt' bill 17 hours ago 10 Binance bets on becoming a crypto 'super app' as stablecoins reshape growth 18 hours ago Latest Research Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months 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. By CoinDesk Research Jul 13, 2026 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. View Full Report More From Markets Crypto steadies as Middle East tensions counter U.S. inflation report boost Bitcoin nears $65,000 as cooling U.S. inflation guts the Fed rate-hike trade For pension funds, tokenization’s real play is balance-sheet management, Fidelity’s Lai says More From Bitcoin Bitcoin rally cools as investors digest inflation data, oil clouds outlook Crypto steadies as Middle East tensions counter U.S. inflation report boost Stripe mounts blockbuster $53 billion bid to buy PayPal