{"id":12752,"date":"2026-09-03T08:52:13","date_gmt":"2026-09-03T08:52:13","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12752"},"modified":"2026-09-03T08:52:13","modified_gmt":"2026-09-03T08:52:13","slug":"strategy-ceo-defends-bitcoin-sale-as-company-ramps-up-buying-again","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12752","title":{"rendered":"Strategy CEO Defends Bitcoin Sale as Company Ramps Up Buying Again"},"content":{"rendered":"

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  • Strategy sold around 7,000 BTC during its two-month buying pause, mostly between US$60,000 and US$65,000.<\/span><\/li>\n
  • CEO Phong Le said the sales were driven by capital costs and corporate obligations rather than Bitcoin\u2019s price.<\/span><\/li>\n
  • Strategy resumed buying with 4,603 BTC at an average price of US$80,318, taking its holdings to 845,050 BTC.<\/span><\/li>\n
  • Le said Strategy could keep buying Bitcoin at US$90,000, US$100,000 or even US$130,000 if the capital economics remain attractive.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    After Michael Saylor\u2019s Strategy recently resumed buying Bitcoin, it now faces some questions about the timing of its sales and purchases. Bloomberg Crypto co-host Scarlet Fu asked Phong Le, CEO and president of Strategy, during a 2 September interview if selling Bitcoin in the US$60K (AU$83.65K) range and buying more in the US$80K (AU$111.53K) range was a \u201csell low and buy high\u201d scenario.<\/p>\n

    As reported earlier this week, Strategy ended its two-month buying pause and bought 4,603 BTC for US$370 million (AU$516 million), bringing its total holdings to 845,050 BTC. The average price paid for these BTC was US$80,318 (AU$112,020).<\/p>\n

    During the buying pause, the firm sold approximately 7,000 BTC between US$60K (AU$83.7K) and US$65K (AU$90.68K).<\/p>\n

    Sales Due to Cost of Capital, Says Le<\/h2>\n

    Le brushed aside concerns over the company\u2019s decision to sell the BTC during its buying pause, saying the trades were driven by the cost of capital rather than Bitcoin\u2019s price.<\/p>\n

    Read more:<\/strong> <\/strong>Goldman, Citi and Others Race Into Stablecoins with Plan to Launch in 2027<\/strong><\/p>\n

    \u201cIt was the right trade at the time to sell bitcoin to fund some of our Stretch dividends,\u201d Le said on Tuesday. He said Strategy remains a \u201cnet accumulator\u201d, but has moved towards a \u201ctwo-way strategy\u201d that allows it to sell Bitcoin when needed to fund dividends and other obligations, while also taking advantage of opportunities to raise capital and buy more BTC.<\/p>\n

    Le said the roughly 7,000 BTC sold represented less than 1% of Strategy\u2019s total holdings, which have grown by about 30% this year. He also said the company could continue buying Bitcoin at US$90K (AU$125.5K), US$100K (AU$139.5K) or even US$130K (AU$181.36K), as long as the economics of raising capital remain attractive.<\/p>\n

    Saylor Stands to \u201cNever Sell Your Bitcoin\u201d<\/h2>\n

    Saylor hinted that Strategy would restart its buying in a tweet before the purchase, which simply said, \u201cwe\u2019re back\u201d. When questioned about the Bitcoin sales and how this contradicted his usual mantra to \u201cnever sell your Bitcoin\u201d, he said those comments were aimed at individual investors.<\/p>\n

    He also said he had never sold his own BTC. Strategy\u2019s sales were due to corporate obligations, while also showing that it can sell BTC without affecting the market and providing liquidity.<\/p>\n

    Read also:<\/strong> <\/strong>SEC Moves to Modernise Transfer Agent Rules for Blockchain and Tokenised Securities<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,Cryptocurrency,Microstrategy#Strategy #CEO #Defends #Bitcoin #Sale #Company #Ramps #Buying1788425533<\/p>\n","protected":false},"excerpt":{"rendered":"

    Strategy sold around 7,000 BTC during its two-month buying pause, mostly between US$60,000 and US$65,000. CEO Phong Le said the sales were driven by capital costs and corporate obligations rather than Bitcoin\u2019s price. Strategy resumed buying with 4,603 BTC at an average price of US$80,318, taking its holdings to 845,050 BTC. Le said Strategy could<\/p>\n","protected":false},"author":1,"featured_media":12753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[91,501,219,87,2212,6700,1449,107],"class_list":["post-12752","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-bitcoin","tag-buying","tag-ceo","tag-company","tag-defends","tag-ramps","tag-sale","tag-strategy"],"yoast_head":"\nStrategy CEO Defends Bitcoin Sale as Company Ramps Up Buying Again - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=12752\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategy CEO Defends Bitcoin Sale as Company Ramps Up Buying Again\" \/>\n<meta property=\"og:description\" content=\"Strategy sold around 7,000 BTC during its two-month buying pause, mostly between US$60,000 and US$65,000. CEO Phong Le said the sales were driven by capital costs and corporate obligations rather than Bitcoin\u2019s price. Strategy resumed buying with 4,603 BTC at an average price of US$80,318, taking its holdings to 845,050 BTC. 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