Strategy CEO says selling 7,000 BTC at $60K-$65K was the right trade

  • Strategy CEO Phong Le defended selling 7,000 BTC and repurchasing near $80,000.
  • 7,000 BTC were sold at prices between $60,000 and $65,000.
  • Strategy said the sale funded preferred dividends and does not buy or sell Bitcoin.

Strategy CEO Phong Le said selling 7,000 BTC at $60,000-$65,000 and buying back near $80,000 was the right trade. He said the sale funded preferred dividends because it represented the most attractive use of capital at the time. The statement also says Strategy does not buy or sell Bitcoin.

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Strategy CEO says selling 7,000 BTC at $60K-$65K was the right trade - CoinPost Terminal