#btctop

➤ BTCTOP CEO Jiang Zhuoer argues that MicroStrategy's (Strategy) strategy can withstand a significant Bitcoin price drop, refuting fears of forced selling. ➤ The core of the strategy relies on Bitcoin's long-term appreciation to cover STRC funding costs, with selective sales of older, low-cost Bitcoin used to demonstrate gains and pay interest. ➤ Concerns remain about the credibility of Strategy's financing structure to traditional investors, with a real estate analogy used to illustrate the importance of demonstrating willingness to monetize assets.

➤ BTCTOP CEO Jiang Zhuoer believes Strategy's Bitcoin holdings remain manageable even if Bitcoin drops to $30,000, countering fears of forced selling. ➤ Strategy's financial strategy involves using accounting gains from older Bitcoin to cover STRC interest and potentially using new STRC proceeds for further Bitcoin purchases, maintaining a net buyer image. ➤ Despite recent small BTC sales for dividend funding and Grayscale's warnings about capital raising challenges, Strategy's large Bitcoin holdings and its commitment to a long-term Bitcoin narrative are key factors in managing potential market downturns.

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BTC.top Launches ‘Joint Mining’ Platform, Pitching It as a Cloud Mining Killer China-based mining pool Btc.top wants to upgrade the concept of cloud mining, which allows users to mine crypto remotely by buying a certain amount of hash power from a third-party, with what it calls “joint mining.”