Strategy CEO defends selling BTC at $60K, buying at $80K
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7 Articles
Strategy CEO Phong Le: Both $60K Bitcoin Sale and $80K Rebuy Were Right Calls
TLDR: Strategy sold 7,000 BTC near $60K to fund preferred dividends, calling it the right trade. Net debt fell from $7 billion to zero while dollar reserves grew to $7 billion. Total assets reached $72 billion, including $65 billion in Bitcoin holdings. Strategy opposes MSCI’s proposal to exclude firms with non-operating assets from stock indexes. [...] The post Strategy CEO Phong Le: Both $60K Bitcoin Sale and $80K Rebuy Were Right Calls appear…
According to ChainCatcher, Strategy CEO Phong Le stated in an interview that Strategy does not make decisions based on the specific price of Bitcoin. In the past two months, Strategy has not purchased any Bitcoin, but has strengthened its balance sheet. Currently, Strategy's total assets reach $72 billion, including $65 billion in Bitcoin and $7 billion in dollar reserves, with dollar reserves increasing by 34% in the past two months. At the sam…
Strategy Sells Bitcoin At $62.5K, Then Buys Back At $80.3K — A $17.8K Per Coin Swing
BitcoinWorld Strategy Sells Bitcoin at $62.5K, Then Buys Back at $80.3K — A $17.8K Per Coin Swing Business intelligence firm Strategy (formerly MicroStrategy) executed a notable Bitcoin trading maneuver between late June and early August, selling approximately 6,916 BTC at an average price of $62,500, only to repurchase 4,603 BTC last week at an average of $80,318 per coin, according to on-chain analytics platform Santiment. The repurchase price…
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