Strategy CEO Defends Bitcoin Sale and Rebuy as Right Calls
Phong Le says both bitcoin trades aligned with cost of capital goals.
TLDR
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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