MicroStrategy CEO Confident Until Bitcoin Drops Below $8,000-$10,000
MicroStrategy CEO Phong Le states the company will not panic until Bitcoin (BTC) falls to the $8,000-$10,000 range, which he identifies as a critical risk threshold. He emphasizes the importance of maintaining a robust balance sheet and increasing U.S.-dollar reserves to support the company’s stock recovery, according to a report by CoinDesk.
MicroStrategy's CEO Phong Le has expressed confidence in the company’s financial strategy until Bitcoin (BTC) drops to a range of $8,000 to $10,000. In an interview conducted on July 15, 2026, Le indicated that at this point, the company would need to evaluate the risks associated with its debt.
Currently, Bitcoin’s market price stands around $64,500. A decline to the identified range would represent an approximate 85% reduction, compelling MicroStrategy to reconsider its capital strategies. Le stated, "Until that point in time, we feel very secure about the balance sheet." He underscored the necessity to construct a capital structure capable of enduring bear markets while also capitalizing on bull markets.
The CEO also discussed the performance of MicroStrategy's preferred stock, STRC. Following recent declines, this stock is seen as vital for generating the cash necessary for Bitcoin acquisitions and currently offers a 13% annual yield. The value of STRC has fluctuated significantly, falling below the $100 par value it is structured to maintain, an issue that arose again in late June when it fell under $75.
Le noted that maintaining a sufficient U.S.-dollar reserve is crucial for recovery efforts, remarking, "We’ve learned over the last couple of months that having that liquid access to U.S.-dollar capital is quite important. So we’ll continue to build that." As of the date of the report, MicroStrategy's stock closed at $97.58, reflecting a nearly 6% increase on that day but representing a 36% decrease year-to-date, and a significant 78% drop over the past 12 months.
A notable metric for stakeholders is MicroStrategy’s multiple to net asset value (mNAV), which compares the company’s shares to the value of its Bitcoin assets. This metric fell below 1 at the end of June and now sits slightly above at 1.02. Le interpreted this stability in mNAV as indicating that shareholders still value the company beyond its Bitcoin holdings, stating, "As long as MSTR is priced at greater than the net-asset value of our bitcoin, it means that our shareholders are giving us credit for the performance above bitcoin."
Summary based on original reporting by Jamie Crawley at CoinDesk, originally published Jul 15, 2026. SolanaWire does not republish source content.
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