Chinese mining CEO says Strategy can survive a $30,000 bitcoin without selling

Jiang Zhuoer of BTC.TOP called the week's sell-off speculation overblown, arguing Strategy's small debt and the design of its preferred shares let it keep buying.\nWhat to know : Jiang Zhuoer of BTC.TOP argued that even a drop in bitcoin’s price to $30,000 would leave Strategy with relatively low leverage and little need to sell its holdings. He said speculation that Strategy dumped about 45,000 bitcoin from a Fidelity custody wallet is likely overblown, noting the wallet also holds assets for Fidelity’s ETFs. Jiang defended Strategy’s use of high-yield STRC preferred shares, saying limited bitcoin sales to fund dividends are compatible with remaining a net buyer, though some observers warned a prolonged bear market could still force larger sales.