[Galaxy Digital CEO: 'Strategy Risk' Brewing, Market Confidence Impacted] According to Crypto News, Galaxy Digital CEO Mike Novogratz stated that Bitcoin's recent weakness is closely tied to rising concerns in the market about the 'Strategy (formerly MicroStrategy) model.' He bluntly pointed out that there is currently a clear 'MicroStrategy-led confidence fracture.' Mike Novogratz emphasized that the issue is not just about Bitcoin's price itself but also about the market's reassessment of Strategy's financing structure. As the world's largest publicly traded Bitcoin-holding company, its stock and preferred securities have become key indicators of risk appetite in the crypto market.