Three progressively compelling reasons that build upon each other—especially the interest-coverage financial operation set—completing the narrative loop of “buying but never selling.”

CoinWorld News, Leibet Mining Pool CEO Jiang Zhuoer tweeted that he believes Strategy will not significantly net sell BTC, and provided three reasons: First, to maximize benefits, Strategy will not easily break the market expectation of “never selling BTC.” Second, even if the BTC price drops to $30,000, the risk remains controllable, with the debt ratio only rising from the current roughly 5% to about 10%. Third, the STRC interest coverage logic is financially coherent: that is, it generates book gains by selling early BTC bought at low prices to pay STRC interest, while using newly raised STRC funds to continue buying BTC, thereby maintaining the net buying narrative.