Strategy is explaining its decision to sell millions of dollars’ worth of Bitcoin when the cryptocurrency was trading in the low-$60,000 range, before buying Bitcoin again at around $80,000. The company’s chief executive says selling near the market bottom was the correct move. The comments, reported by Decrypt, focus on the rationale behind the two transactions rather than offering a new Bitcoin price outlook. The sequence has drawn attention because Strategy sold during a lower price range and later returned to the market at a substantially higher level. Strategy’s explanation provides market observers with the company’s stated reasoning for reducing and then rebuilding its Bitcoin position. The report does not provide additional transaction details, including the exact amounts sold or repurchased, beyond describing the disposals as involving millions of dollars in Bitcoin.
