Strategy feels 'very secure' until bitcoin reaches $8,000-$10,000, says CEO
CoinDesk 2026-07-15 12:00:33
Context: The CEO of a company, likely STRC, expressed confidence in their strategy, but noted that it would feel "very secure" only until the price of bitcoin reaches $8,000-$10,000. The company's preferred stock, STRC, had recently experienced a significant drop, falling below $75 before recovering to around $90. This development has implications for the company's financial stability and investor confidence.
Key Facts
- The CEO stated that their strategy feels "very secure" only until the price of bitcoin reaches a specific range of $8,000-$10,000.
- STRC's preferred stock had fallen below $75 last month, but has since recovered to around $90.
- The company's recovery is partly attributed to increasing the U.S.-dollar reserve, which was highlighted as an important lever by Le.