Galaxy Digital CEO: 'Strategy Risk' Brewing, Market Confidence Hit

CoinFeed June 28 news, according to Crypto News, Galaxy Digital CEO Mike Novogratz stated that the recent weakness in Bitcoin is closely related to the market's rising concerns about the 'Strategy (formerly MicroStrategy) model', and directly said that there is currently an obvious 'MicroStrategy-led confidence fracture'. Mike Novogratz pointed out that the problem is not only in the Bitcoin price itself, but more in the market's reassessment of Strategy's financing structure. As the world's largest publicly listed Bitcoin holding company, its stocks and preferred securities have become key indicators measuring the crypto market's risk appetite.