Strategy CEO says only a decades-long slump would force them to sell Bitcoin
Strategy's CEO stated the company would only sell its Bitcoin reserves during a severe, decades-long liquidity crisis.Summary
Strategy CEO Phong Le asserted that the company is committed to holding its substantial Bitcoin reserves unless faced with an extreme liquidity crunch, specifically one lasting for 40 years, potentially extending to 2065. Le dismissed concerns about the firm's liquidity, noting they recently raised $1.4 billion quickly to cover 21 months of obligations, demonstrating an ability to access capital markets even during a Bitcoin slump. Strategy, which adopted its Bitcoin treasury strategy in 2020, currently holds 650,000 Bitcoin valued around $58 billion. The CEO also dismissed long-term viability concerns for crypto as outdated, emphasizing Bitcoin's strong historical performance and advising investors to maintain a long-term perspective through volatility.
(Source：Crypto Briefing)