BTCTOP CEO Jiang Zhuoer says Strategy won’t net sell Bitcoin, liabilities manageable

Jiang Zhuoer says Strategy won’t become a net seller of BTC. He argues small, selective sales can support STRC payments without changing the accumulation plan.

He draws a line between selling some coins and net selling. Limited sales of older, low-cost coins can show realized gains and calm traditional investors, while the firm keeps buying more BTC overall. Jiang points to the company’s prior explanation for its last sale as proof of intent to support STRC demand and optics as reported here.

His funding logic: long-term Bitcoin appreciation can exceed STRC interest costs over time. The thesis assumes BTC can compound around 30% annually, leaving room to pay roughly 10% interest and still grow the stack according to prior coverage.

He addresses the main market fear. If new STRC proceeds pay old STRC interest, critics see a “Ponzi-like” loop. Jiang says selective sales show real monetization, which reduces that risk perception per this analysis.

“MicroStrategy will not significantly net-sell its coins,” the translated discussion states. “He wanted to sell STRC” source.

• Mechanism he outlines Selling a small tranche of early coins realizes gains to cover STRC interest, while fresh STRC proceeds buy more BTC source.
• Market concern If STRC cash flows recycle, skeptics flag a “Ponzi-like” loop source.
• Core bet BTC appreciation outpaces interest, keeping Strategy a net buyer over time source.