MicroStrategy CEO: We’re confident even in a bear market MicroStrategy CEO Phong Le shared in an interview with *What Bitcoin Did* on November 28, 2025, that accessing capital markets during a bear market is far less smooth compared to a bull market. The company can no longer raise dollars as easily as in previous years, which is why they launched priority stock products like Stretch—to ensure financing capabilities even when Bitcoin prices experience minimal fluctuations. He stated that MicroStrategy has built a Bitcoin treasury system over the past five years that operates effectively in both bull and bear markets, and the newly issued priority stocks will also undergo similar market "stress tests." Facing a potential new bear market, the company will continue paying dividends, gradually building investor confidence, and paving the way for future fundraising. They aim to solidify their position as a Bitcoin treasury and credit issuance company by navigating through another cycle. Source: *What Bitcoin Did*