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Strategy CEO Says Bitcoin Fundamentals Strengthened Despite Price Slide

Le points to rising policy and banking engagement as support for a long-term thesis.

Overview

  • Bitcoin has fallen nearly 30% from its October peak of $125,100 to about $87,687 as the Fear & Greed Index shows “Extreme Fear.”
  • Strategy holds 671,268 BTC, and its mNAV has slipped below 1 to roughly 0.93, indicating the company’s equity is trading at a discount to its Bitcoin reserves.
  • Le says he and Executive Chairman Michael Saylor have been meeting banks in the US and UAE that are exploring custody and balance‑sheet integration for Bitcoin.
  • He urges a methodical, data‑driven approach centered on mNAV and treasury management rather than reacting to short‑term price swings.
  • Le cites a more supportive US stance on Bitcoin and notes discussions of a Strategic Bitcoin Reserve, with any formal plan still unconfirmed.