Strategy CEO Phong Le defends selling 7000 BTC units, and the company has resumed buying

Phong Le said it was the right move to sell Bitcoin when it was close to $60,000 and then buy back it at a higher price, although critics questioned it.

Strategy CEO Phong Le publicly defended the company's previous decision to sell 7000 bitcoins when the bitcoin price was close to US$60,000 and then repurchase them at a higher price. Le called it the right deal and said he had no regrets about the timing.

The background of this defense is that outsiders have begun to question why Strategy, which has long adhered to the "buy and hold" Bitcoin strategy, will sell a considerable portion of its Bitcoin holdings instead of continuing to increase positions. Strategy has always regarded Bitcoin as a permanent reserve asset and has made it the core of its corporate identity. Any sale, even a partial sale, will trigger scrutiny from investors who are watching the company closely.

According to Le, the sale and subsequent buyback reflected disciplinary execution rather than a shift in the company's core beliefs. He characterized the deal as a tactical operation rather than a signal that Strategy had lost confidence in Bitcoin's long-term value. Relevant reports show that the company has since resumed purchasing bitcoins.

Strategy, formerly known as MicroStrategy, under the leadership of Chairman Michael Saylor, has accumulated one of the world's largest corporate bitcoin positions. Le has taken on a more open role as CEO and often responds directly to investor concerns. His comments about the sale of 7000 bitcoins were aimed at reassuring shareholders that the company's overall strategy to increase its holdings in bitcoin remains solid.

The incident highlights the scrutiny pressure faced by running a listed company whose valuation is closely related to Bitcoin price fluctuations. Strategy shares are often seen as a barometer of Bitcoin market sentiment by investors seeking to invest indirectly in Bitcoin through stocks. Any subtle changes in his buying and selling behavior may affect the market's interpretation of his beliefs.

Le's remarks suggest that Strategy believes that short-term trading decisions and long-term shareholding strategies can go hand in hand. It remains to be seen whether this statement will convince skeptics who prefer a strict "buy and hold" model. However, the resumption of purchases suggests that the company intends to continue to expand its Bitcoin position.

Market Impact

Strategy's Bitcoin holdings and trading behavior have attracted much attention because the company remains one of the largest corporate holders of the asset. Any sale, even if viewed as a tactical operation, could raise questions among investors about whether other large holders have followed suit and sold during periods of strong prices.

Resumption of buying after the sale may help reassure the market that Strategy's overall demand for Bitcoin has not weakened. Investors focusing on corporate treasury strategies are likely to continue to watch Strategy disclosures closely to determine whether this is an isolated transaction or part of a broader shift in strategy.

Phong Le's defense of selling 7000 bitcoins highlights the pressure public companies face when their bitcoin strategies deviate from expectations, even if only briefly. As buying activity resumes, Strategy appears intent on maintaining its position as the main corporate holder of the asset.

FAQs

What is the comment of Strategy CEO Phong Le on the Bitcoin sale operation?

Le said that selling about 7000 bitcoins when the bitcoin price was close to US$60,000 and then buying them back at a higher price was the right move, and he does not regret the decision.

Has Strategy resumed purchasing Bitcoin after the sale?

Yes, reports show that the company has resumed buying Bitcoin after an earlier sale.

Why did this sale cause investors to worry?

Strategy is known for its long-term "buy and hold" Bitcoin strategy, so any sale raises questions about whether its strategy has changed.

Who dominates Strategy's Bitcoin strategy?

Phong Le serves as CEO, while Michael Saylor remains chairman and is the public figure most closely associated with Strategy's Bitcoin increase strategy.