MSTR CEO Phong Le said the company underestimated how the market values its U.S. dollar reserves. He said the use of those reserves to repay convertible debt raised concerns in the market and led to a decline in STRC. The remarks were cited by Bitcoin News and republished by Odaily. The brief comment centers on how investors viewed the company’s cash position and how that reaction appeared in the price move of STRC after the repayment decision.
MSTR CEO Phong Le said the company underestimated how the market values its U.S. dollar reserves.
Le said using those dollar reserves to repay convertible debt caused market concern and led STRC to fall.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
