Strategy CEO Phong Le said the company’s decision to sell nearly 7,000 Bitcoin was driven by its cost of capital rather than the cryptocurrency’s market price. The company sold the holdings when Bitcoin was around $60,000, then resumed purchases after the asset moved above $80,000. Speaking to Decrypt, Le said he had no regrets about the sequence of transactions, describing it as the right trade for Strategy’s financing conditions. His comments frame the move as a capital-management decision instead of an attempt to predict Bitcoin’s next price direction. The episode highlights how Strategy’s Bitcoin activity can be influenced by the cost and availability of capital, even when that means selling before later buying at a higher level.
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Decrypt
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