Bitcoin Teeters on the Edge at $30,000: Can China’s Mining Titans Weather the Storm?

Bitcoin Teeters on the Edge at $30,000: Can China’s Mining Titans Weather the Storm?

Jiang Zhuoer, CEO of BTCTOP and one of China’s best-known Bitcoin mining figures, pushed back against fears that Strategy could become a major forced seller of BTC, arguing that the company’s balance-sheet risk remains manageable even under a severe Bitcoin drawdown. In a post on X, Jiang said he does not believe MicroStrategy, now Strategy, will “substantially net sell BTC,” pointing to a group discussion he shared on the company’s liabilities, STRC interest payments, funding structure and mark

This article was originally published by NewsBTC. Click through to read the complete story. Jiang Zhuoer, CEO of BTCTOP and one of China’s best-known Bitcoin mining figures, pushed back against fears that Strategy could become a major forced seller of BTC, arguing that the company’s balance-sheet risk remains manageable even under a severe Bitcoin drawdown. In a post on X, Jiang said he does not believe MicroStrategy, now Strategy, will “substantially net sell BTC,” pointing to a group discussion he shared on the company’s liabilities, STRC interest payments, funding structure and mark

Category: bitcoin

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