Strategy (MSTR) Stock: CEO Says Bitcoin Would Need to Crash 85% Before They Panic

Strategy CEO Phong Le says the company feels secure unless Bitcoin drops 85% to $8,000–$10,000. MSTR closed nearly 6% up at $97.58 on Tuesday but is 36% down year-to-date. Preferred stock STRC trades below its $100 par value, under $75 recently.