“Stretch Closed at $100 Exactly as Designed,” Says Strategy CEO Phong Le
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Strategy CEO Phong Le confirmed that the firm's product Stretch (STRC) closed at $100, meeting performance expectations. Bitcoin volatility continues to affect stock prices of digital-asset treasury companies, but there are no plans to sell Bitcoin holdings in normal conditions.
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- 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 weaknes…
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