Strategy’s CEO, Phong Le, defends the firm’s decision to sell nearly 7,000 bitcoin when prices were around $60,000, later resuming purchases when bitcoin trades above roughly $80,000. In comments reported by multiple outlets, Le frames the move as a trade tied to financing conditions rather than a bet on market direction.
Le says Strategy’s cost of capital drove the company’s approach. According to the coverage, the firm sells some holdings to manage its capital structure and liquidity, then buys again when conditions and pricing align with its strategy. Both outlets describe Le’s position that the transaction is not expressed as regret, emphasizing that it reflects internal financial considerations.
While the reporting aligns on the timing—selling near $60,000 and buying back above $80,000—and the approximate size of the sale, the outlets emphasize different ways of explaining the rationale. One outlet focuses on the CEO’s “right trade” framing, while the other highlights the corporate capital-cost explanation, presenting the decision as disciplined portfolio management rather than a change of view on bitcoin.
