Bitcoin Giant Strategy Isn't Panicking—Unless BTC Crashes to $10K: CEO
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Phong Le, CEO of the Bitcoin treasury giant, is not panicking about the market downturn, stating they will issue fresh preferred stock and resume buying once Stretch shares climb back to par, indicating a potential threshold of $10,000 for Bitcoin, a key level that would prompt the company to take action, reflecting a cautious approach to the volatile cryptocurrency market.
The Bitcoin treasury giant will issue fresh preferred stock and resume buying once its Stretch shares climb back to par, CEO Phong Le said.