Strategy CEO says company will resume Bitcoin accumulation this year
Summary
Strategy CEO Phong Le said the company plans to resume buying Bitcoin later this year, despite recent BTC sales that drew market scrutiny. He said Strategy bought about 175,000 BTC this year while selling around 7,000 BTC, making it a major net buyer overall. Strategy now holds more than 840,000 BTC and has become the largest institutional Bitcoin holder. Recent sales, including 1,690 BTC, were used to fund preferred dividends, share buybacks, and a U.S. dollar reserve. The shift away from a strict “never sell” stance reflects pressure from public-company obligations and a tougher Bitcoin treasury environment, where weak market conditions and trading below net asset value make raising capital more difficult.
