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Jiang Zhuoer: Expects Strategy to reduce its coin purchases, with almost no risk of default.

2 hours ago

Jiang Zhuoer, founder of Leibit Mining Pool (B.TOP), commented on STRC hitting an all-time low tonight, noting that Strategy’s preferred stock STRC has significantly de-pegged, reflecting U.S. stock market investors’ panic over Bitcoin (BTC). He stated, “Strategy’s BTC purchases are expected to drop sharply or even halt entirely in the coming months, with funds reserved to pay STRC dividends. I also emphasize again not to expect a major blowup from MSTR at the bear market bottom. STRC is preferred stock, not a bond—only dividends need to be paid, and principal does not require repayment. MSTR’s debt ratio is only 10%, so unless the BTC bear market lasts a decade, MSTR faces no risk of a blowup.”

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