Strategy CEO defends selling BTC at $60K, buying at $80K
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The CEO of Strategy, Phong Le, defended the sale of about 7,000 BTC made during a shopping break, although the company returned to the market about $80,000. The firm claims that its decisions depend on the cost of capital, while its holdings reach 845,050 BTC.
Strategy CEO Phong Le: Both $60K Bitcoin Sale and $80K Rebuy Were Right Calls
TLDR: Strategy sold 7,000 BTC near $60K to fund preferred dividends, calling it the right trade. Net debt fell from $7 billion to zero while dollar reserves grew to $7 billion. Total assets reached $72 billion, including $65 billion in Bitcoin holdings. Strategy opposes MSCI’s proposal to exclude firms with non-operating assets from stock indexes. [...] The post Strategy CEO Phong Le: Both $60K Bitcoin Sale and $80K Rebuy Were Right Calls appear…
According to ChainCatcher, Strategy CEO Phong Le stated in an interview that Strategy does not make decisions based on the specific price of Bitcoin. In the past two months, Strategy has not purchased any Bitcoin, but has strengthened its balance sheet. Currently, Strategy's total assets reach $72 billion, including $65 billion in Bitcoin and $7 billion in dollar reserves, with dollar reserves increasing by 34% in the past two months. At the sam…
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