Strategy Feels 'Very Secure' Until Bitcoin Reaches $8,000-$10,000, Says CEO

Strategy (MSTR), the largest public holder of bitcoin, will not panic unless BTC sinks to the $8,000-$10,000 range, CEO Phong Le said in a Bloomberg TV interview, according to CoinDesk. Le identified that range as when the company would have to consider risk associated with its debt. Until then, he said, "we feel very secure about the balance sheet." Le highlighted increasing the U.S.-dollar reserve as an important lever in preferred stock STRC's recovery back to around $90, after it fell below $75 last month. STRC is designed to maintain a $100 par.