Strategy CEO: Bitcoin Must Fall to $8K Before Debt Risk Bites
Phong Le says the balance sheet is safe and the company plans to keep buying, even after a $215M BTC sale, with $3B in cash and another $467M raised last week.
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Phong Le says the balance sheet is safe and the company plans to keep buying, even after a $215M BTC sale, with $3B in cash and another $467M raised last week.
Two-figure wallets withdrawing nearly $200M from exchange-controlled custody inside a single week is the kind of flow pattern that historically precedes multi-week spot accumulation phases.
With $2B drained from spot BTC and ETH ETFs over two weeks and crypto lagging the broader risk-on rally, Wintermute flags $60K–$65K as the support floor institutions are buying toward.