- Strategy CEO says Stretch closed at $100, performing exactly as designed.
- Bitcoin volatility continues influencing digital-asset treasury company stock performance this year.
- Firm reiterates no plans to sell Bitcoin holdings under normal conditions.
Digital-asset treasury companies have faced a challenging start to 2026 as falling crypto prices weighed on their shares. Against this backdrop, Phong Le, CEO of Strategy, said the company’s Stretch (STRC) product performed precisely as planned, closing the session at $100.
“The story of the day is Stretch closes at $100, exactly how it was engineered to perform,” Le said, opening up about the product’s design to offer investors structured exposure to digital-capital markets.
Le said companies holding large Bitcoin positions have seen their stock performance closely track the cryptocurrency’s recent weakness. He described Bitcoin as “digital capital” and a “non-sovereign, decentralized store-of-value asset,” noting that its cyclical volatility can amplify both gains and losses for firms heavily exposed on their balance sheets.
Products Designed to Manage Exposure
According to Le, some Strategy-linked instruments are designed to amplify Bitcoin’s price movements, while others, including Stretch, are structured to provide more stable exposure for investors who want access to the asset class without experiencing the same level of volatility.
“We’ve engineered products to give investors access to digital capital while helping manage that volatility,” he explained.
No Plans to Sell Bitcoin Holdings
Strategy currently holds approximately 714,644 Bitcoin, with an average purchase price of about $76,056 per BTC. The company recently added around 1,142 BTC to its holdings at an average price near $78,815, continuing its long-term strategy of accumulating Bitcoin as a core treasury reserve asset.
Addressing investor concerns, Le said that the company has no plans to sell its Bitcoin holdings under normal market conditions. He said selling would only be considered in an extreme and highly unlikely scenario, such as a prolonged multi-year collapse of the asset.
“The idea that we plan to sell Bitcoin is unfounded,” Le said, adding that such a situation would require an extraordinary, long-term market decline.
Looking ahead, Strategy intends to focus on expanding its core digital-capital products rather than pursuing acquisitions of other treasury companies trading at discounts. Le said the company’s priority remains building and scaling products that provide structured access to digital assets while meeting investor demand for diversified exposure.
Related: 11 State Pension Funds Lose 60% on Strategy Shares As Bitcoin Declines
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