MicroStrategy CEO Sets Bitcoin Price Floor at $10,000

MicroStrategy CEO Phong Le confirmed the company has no plans to stop its aggressive Bitcoin buying strategy. The firm intends to issue new preferred stock to fund additional purchases as soon as their share price returns to par value.

Le indicated that the company remains committed to its treasury strategy regardless of typical market swings. The management team does not anticipate any shift in their plan unless the price of Bitcoin drops to extreme levels near $10,000.

This position highlights the company's confidence in holding digital assets for the long run. Traders should watch for the upcoming stock issuance as a signal that the firm is ready to restart its buying momentum in the coming months.