Phong Le is the CEO of Bitcoin Treasury Company Strategy, a Nasdaq-listed firm. He dismissed any concerns that investors had about selling their stash.
Speaking The following are some of the most effective ways to improve your own effectiveness. CNBC Le stated on Monday that Strategy will continue to do what it has always done and surpass Bitcoin in the next bull market.
MSTR Strategy on Monday revealed It has sold 1 638 bitcoins worth approximately $104.7 Million and purchased back 81.2 million shares of STRC preferred stock.
Since the beginning of this year, shares are down almost 40%. Since November 20, 2024 when the stock reached its highest value of almost $474, it has dropped by nearly 80%.
“I think Bitcoin is going through a bear cycle right now, and some of that is external macroeconomic,” Le said.
“We, as a company, went through this in 2022. We actively manage our capital structure, we rotate into Bitcoin, we sell Bitcoin when we need to, and we’ll continue to do so — and we’ll get through this bear market,” He added.
Strategy bought Bitcoins as early as August 2020 in order to increase returns on investment for shareholders, and also protect against inflation. It now has The company holds 842 138 coins, worth $53.8 Billion, which makes it the world’s largest holder.
Investors can purchase its shares in order to increase their exposure to the top cryptocurrency, without needing to own digital coins.
In the past six weeks, Strategy has not bought Bitcoin. It was reported in the last quarter’s earnings that it had purchased Bitcoin. posted Loss of 8,22 billion dollars for the second quarter in 2026.
Le said, however, that for now, it was unimportant to consider the paper losses of the business, as the shares would continue to rise in the coming year.
“We’re the J.P. Morgan of the crypto economy, so whether we sell 1,000 Bitcoin out of 840,000 to me is irrelevant to the conversation,” Le said.
“The conversation is what is our role in Bitcoin, and are we adding Bitcoin per share overall to our shareholders, and are we creating value? I think that’s an unequivocal yes.”
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: bitcoinmagazine.com
