Phong Le says both bitcoin trades aligned with cost of capital goals.
Strategy CEO Phong Le stated that selling bitcoin and later buying it back were both appropriate decisions. He framed the moves around managing the cost of capital instead of price timing. The company eliminated its net debt while building reserves and holding substantial assets. It continues to act as a net accumulator of the cryptocurrency. Blockonomi reported the comments in coverage of the firm's bitcoin holdings approach.
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Phong Le says both bitcoin trades aligned with cost of capital goals.
Strategy CEO Phong Le stated that selling bitcoin and later buying it back were both appropriate decisions. He framed the moves around managing the cost of capital instead of price timing. The company eliminated its net debt while building reserves and holding substantial assets. It continues to act as a net accumulator of the cryptocurrency. Blockonomi reported the comments in coverage of the firm's bitcoin holdings approach.
Blockonomi@blockonomiStrategy CEO Phong Le says selling Bitcoin at $60K and buying back at $80K were BOTH the right trades. Not about price. It's about cost of capital. Net debt: $7B → $0 USD reserves: $7B built Total assets: $72B Strategy remains a net accumulator. #Bitcoin #BTC $MSTR…
Blockonomi@blockonomiStrategy CEO Phong Le says selling Bitcoin at $60K and buying back at $80K were BOTH the right trades. Not about price. It's about cost of capital. Net debt: $7B → $0 USD reserves: $7B built Total assets: $72B Strategy remains a net accumulator. #Bitcoin #BTC $MSTR…
