Analysis: Strategy Holdings at a Floating Loss but No Liquidity Pressure, BTC Decline Is Not a "Crypto End"

PANews, February 7th – Sean Stein Smith, a member of the Wall Street Blockchain Alliance Advisory Board, published an article in Forbes titled "Bitcoin's Decline Does Not Signal the End of Cryptocurrency." The article points out that although bitcoin has sharply retreated from its historical highs at the end of 2025 and market pessimism is rising, market opinion holds that this downturn does not signify the cyclical end of the crypto industry. The industry's fundamentals and institutional participation continue to strengthen, and the long-term development logic remains fundamentally intact. Institutional adoption is still progressing, with traditional financial institutions continuing to increase their involvement in the on-chain asset ecosystem. This includes the New York Stock Exchange advancing blockchain exchange-related exploration, as well as Fidelity planning to launch the Fidelity Digital Dollar (FIDD), a stablecoin based on the Ethereum network. Although Strategy's bitcoin holdings have experienced a book loss at current prices, market analysis believes its financial structure remains robust. Most of the company's bitcoin assets are unencumbered, and the convertible bond maturities are relatively long, so there is no short-term liquidity pressure or risk of forced liquidation. The company maintains a long-term bullish strategic position on bitcoin.