Jiang Zhuo'er: Strategy Expected to Reduce Buying Pressure, But Virtually No Risk of Rug Pull
BlockBeats News, June 25th - Jiang Zhuo'er, founder of BTC.TOP mining pool, commented on the recent historic low of STRC tonight, stating that Strategy's preferred stock, STRC, has significantly deviated, indicating panic selling of US stock market funds for BTC. "It is expected that the buy-in volume of Strategy in the next few months will decrease significantly, to the point of not buying BTC at all, but instead holding onto the money to issue STRC interest."
Furthermore, it is emphasized again that one should not expect a "big bang" from MSTR at the bottom of the bear market. STRC is a preferred stock, not a bond. As long as dividends are paid, there is no need to repay the principal. MSTR's debt ratio is only 10%. Unless BTC remains in a bear market for ten years, MSTR does not have the risk of a blow-up."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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