Jiang Zhuo'er: STRC drops to $73, Strategy's pace of increasing BTC holdings may slow down

Jiang Zhuo'er stated that Strategy's preferred stock STRC fell to $73, reflecting market panic. Strategy's issuance of common stock when mNAV is less than 1 is considered high cost financing. In the past three weeks, Strategy has increased its financing by purchasing 1500 BTC in the first two weeks, and the amount of BTC purchased in the third week has decreased to 520 BTC, with most of the funds used to pay STRC interest. The short-term strategy of Strategy is shifting towards prioritizing the protection of STRC interest payments, and the pace of BTC holdings may slow down or stop in the coming months. STRC has no mandatory liquidation mechanism, Strategy's debt ratio is about 10%, and the probability of a mine explosion is relatively low.