1 hour ago
Strategy CEO Phong Le: Both $60K Bitcoin Sale and $80K Rebuy Were Right Calls
TLDR: Strategy sold 7,000 BTC near $60K to fund preferred dividends, calling it the right trade. Net debt fell from $7 billion to zero while dollar reserves grew to $7 billion. Total assets reached $72 billion, including $65 billion in Bitcoin holdings. Strategy opposes MSCI’s proposal to exclude firms with non-operating assets from stock indexes. [...]
The post Strategy CEO Phong Le: Both $60K Bitcoin Sale and $80K Rebuy Were Right Calls appeared first on Blockonomi.
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