BTC.TOP CEO says Strategy can withstand $30,000 bitcoin without selling much BTC

Jiang Zhuoer, CEO of Chinese bitcoin mining pool BTC.TOP, said Strategy could weather a drop in bitcoin to $30,000 without needing to sell much of its holdings. He also dismissed as overblown speculation that Strategy sold about 45,000 BTC from a Fidelity custody wallet, noting the wallet also holds assets for Fidelity’s bitcoin and ether ETFs, according to CoinDesk. Jiang said Strategy’s debt is about 5% of assets and defended its 11.5% dividend STRC preferred shares, arguing limited BTC sales to fund dividends can still leave it a net buyer.