Chinese mining CEO says Strategy can survive a $30,000 bitcoin without selling
BTC.TOP's Jiang Zhuoer says Strategy could handle a bitcoin drop to $30,000 without a forced selloff, even after recent wallet-outflow speculation.
Intelligence analysis by GPT-5.4 Mini
Jiang Zhuoer argued that Strategy's leverage is low enough to survive a steep BTC drawdown and that its preferred-share setup can still support buying. He also said the rumored 45,000-BTC transfer from a Fidelity wallet is likely being overread.
A big company that owns lots of bitcoin is being watched like a piggy bank. One expert says even if bitcoin falls a lot, the company can still pay its bills without emptying the jar, because it has other ways to raise cash.
Analysis
What Jiang argued
Jiang Zhuoer of BTC.TOP said Strategy would not be forced into heavy selling even if bitcoin fell to $30,000. In his view, the company's debt is still modest relative to assets, and that cushion would remain manageable even after a large BTC decline.
Why the sale rumor spread
The speculation started after an on-chain analyst estimated that about 45,000 bitcoin moved out of a Fidelity custody wallet in late May and early June. The article notes that this is only an inference, not a confirmed Strategy sale, because the same wallet also holds Fidelity's bitcoin and ether ETFs.
STRC and the funding logic
Jiang defended Strategy's STRC preferred shares, which pay an 11.5% annual dividend in monthly installments. He said Strategy can sell some of its oldest and cheapest bitcoin to book accounting gains that help cover those payments, while proceeds from new STRC sales are used to buy fresh bitcoin. Under that setup, the company can still be a net buyer if purchases exceed sales.
The counterargument
Not everyone in the discussion agreed. The article says some observers think a prolonged bear market could increase interest expense and eventually force larger bitcoin sales regardless of management's preferred narrative.
Bitcoin was trading near $63,400 on Monday, down almost 10% over the prior week after Strategy reported its first bitcoin sale since 2022.
Key points
- Jiang Zhuoer said Strategy could withstand bitcoin falling to $30,000 without major selling.
- He argued that the reported 45,000-BTC outflow from a Fidelity wallet was likely not proof of a Strategy dump.
- Jiang said Strategy's STRC preferred shares can help fund dividends while the company remains a net buyer of bitcoin.
- Some observers warned that a prolonged bear market could still force larger sales and higher interest costs.
If Jiang's view is right, Strategy can keep funding dividends and buying bitcoin even through a sharp price drop. That would support its market story and reduce fears that a small sale means a forced liquidation.
The article also points to a real downside: a long bear market could raise borrowing pressure and force bigger bitcoin sales anyway. If that happens, investors may treat even limited selling as a warning sign of more to come.
