Strategy CEO Defends Bitcoin Sale as the ‘Right Trade’
Phong Le, CEO of Strategy, has defended the company's decision to sell Bitcoin at $60,000 before repurchasing at $80,000, citing capital costs as the driving factor. He reassured investors that the amount sold was minimal, emphasizing a strategic approach to asset management amidst fluctuating prices.
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'The Right Trade': Strategy CEO Has No Regrets Selling Bitcoin at $60K Before Buying Back Higher
Phong Le said Strategy’s cost of capital—not Bitcoin’s price—drove its decision to sell nearly 7,000 BTC before resuming purchases above $80,000.
Strategy CEO Defends Bitcoin Sale as the ‘Right Trade’
Bitcoin Magazine Strategy CEO Defends Bitcoin Sale as the ‘Right Trade’ Strategy CEO has reassured investors that the company has only sold a "miniscule" amount of its bitcoin. This post Strategy CEO Defends Bitcoin Sale as the ‘Right Trade’ first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
Strategy CEO says selling bitcoin at $60,000 before buying at $80,000 was the ‘right trade’
Strategy CEO Phong Le defended selling bitcoin at $60,000 before buying at $80,000, citing corporate capital costs.
Strategy CEO defends selling BTC at $60K, buying at $80K
Strategy CEO Phong Le says capital costs justified selling Bitcoin near $60,000 before buying 4,603 BTC at an average $80,318.
Strategy Has A 'Fortress Balance Sheet': CEO
Phong Le, CEO and president of Strategy, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Strategy resumed Bitcoin purchases after a 10-week pause, returning to its signature accumulation strategy after the crypto bear market pressured its shares, weakened confidence in the financing model and prompted a balance-sheet overhaul. (Source: Bloomberg)
Sold 'Minuscule' Amount of Bitcoin: Strategy CEO
Phong Le, CEO and president of Strategy, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Strategy resumed Bitcoin purchases after a 10-week pause, returning to its signature accumulation strategy after the crypto bear market pressured its shares, weakened confidence in the financing model and prompted a balance-sheet overhaul. (Source: Bloomberg)