The CEO of a crypto-focused firm said this week that the company's strategy feels 'very secure' as long as bitcoin stays above $8,000 to $10,000. Separately, Le highlighted plans to boost the U.S.-dollar reserve as a lever to help the firm's preferred stock, STRC, recover to around $90 after falling below $75 last month.
Why the bitcoin range matters
Le's comment ties the firm's confidence directly to a specific bitcoin price floor. The $8,000–$10,000 band is where the CEO sees the strategy holding up without major stress. Below that, the calculus changes — but for now, the company isn't bracing for a breakdown. The statement came during a broader discussion about capital positioning and market risk.
Le's plan for STRC preferred stock
STRC, the firm's preferred stock, dropped below $75 last month. Le pointed to increasing the U.S.-dollar reserve as the main lever to push it back toward $90. That's a roughly 20% recovery from the recent low. The emphasis on dollar reserves suggests the company is prioritizing liquidity and stability over more aggressive plays. It's a conservative move, but one Le thinks can restore investor confidence in the preferred shares.
STRC hasn't traded at $90 since before the drop. Whether the reserve buildup alone can get it there depends on broader market conditions — and on bitcoin staying in that $8,000–$10,000 comfort zone. The company hasn't set a timeline for the recovery, but Le's comments give a clear target. For now, the strategy is to wait, hold reserves, and let the numbers do the talking.
