Strategy CEO Phong Le told Bloomberg that the recent sale of 7,000 BTC was a strategic move to secure preferred stock dividends, not a change in the company's long-term accumulation strategy. After selling between $60,000 and $65,000, the firm resumed buying at around $80,000 last week, bringing its total holdings to 845,050 BTC, worth approximately $65 billion. The company has adopted a 'two-way' capital management approach, buying and selling based on funding needs. It has cleared $7 billion in net debt and built an equal reserve, with total assets of $72 billion.
Strategy (formerly MicroStrategy) CEO Phong Le said in a Bloomberg interview that the company's recent sale of 7,000 bitcoin was a strategic transaction to ensure funds for preferred stock dividends, not a shift in its long-term accumulation strategy.
After selling between $60,000 and $65,000, the company resumed buying last week at around $80,000, bringing its total holdings to 845,050 bitcoin, worth approximately $65 billion at current prices.
Phong Le noted that the company has moved from a simple buy-and-hold bitcoin strategy to a 'two-way' capital management approach, making buy and sell decisions flexibly based on funding needs. The average purchase price is now about $75,400, and holdings have increased about 30% year-to-date. The firm previously paused purchases for 10 weeks to strengthen its financial position, eliminating $7 billion in net debt and building a $7 billion reserve. Total assets now stand at $72 billion.
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