Strategy CEO Phong Le said the company does not make decisions based on Bitcoin’s specific price. In an interview with Fupengbo on September 2, Le said Strategy had not bought Bitcoin during the past two months, but had strengthened its balance sheet. The company now holds $72 billion in assets, including $65 billion in Bitcoin and $7 billion in dollar reserves. Dollar reserves increased by 34% over the same two-month period. Strategy also reduced its net debt from about $7 billion to zero. Le said the balance-sheet changes had increased the company’s equity value and made it more profitable to sell MSTR and buy Bitcoin. He described the current balance sheet as one that “bullets cannot penetrate,” also calling it a “fortress-like” balance sheet. An earlier report said Strategy bought more Bitcoin again last week after a two-month gap.
Strategy reports zero net debt
BlockBeats reported on September 2 that Strategy CEO Phong Le said the company does not make decisions based on Bitcoin’s specific price. Le made the comments in an interview with Fupengbo.
Le said Strategy had not bought Bitcoin during the past two months. Instead, the company strengthened its balance sheet. Strategy now has $72 billion in assets, including $65 billion in Bitcoin and $7 billion in dollar reserves. The dollar reserves rose by 34% over the past two months.
During the same period, Strategy reduced its net debt from about $7 billion to zero.
Le describes a stronger balance sheet
Le said the balance-sheet changes had increased Strategy’s equity value. He also said they made it more profitable to sell MSTR and buy Bitcoin. “That is what has changed over the past few months,” Le said, according to the quoted remarks.
He described the company’s current balance sheet as one that “bullets cannot penetrate,” and also called it a “fortress-like” balance sheet.
An earlier report said Strategy bought more Bitcoin again last week after a two-month gap.
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