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Strategy CEO: Selling Bitcoin is a "market immunity" test, not a strategic retreat

MarsBitNews
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Mars Finance News, Strategy CEO Phong Le responded to criticism over the company's first Bitcoin sale since 2022 during an interview with CNBC on Tuesday, stating that the move was a deliberate limited test aimed at demonstrating operational flexibility rather than abandoning the belief in holding Bitcoin. Between May 26 and 31, Strategy sold 32 BTC at an average price of $77,135 (about $2.5 million), accounting for only 0.004% of the total holdings, but it triggered a strong market reaction. Le listed three reasons for the sale: to prove the company has the ability to sell when necessary, to confirm that internal disposal processes are fully operational, and to capture tax loss opportunities. He emphasized that the sale was not due to financial difficulties, and the company does not need to sell Bitcoin to pay STRC preferred stock dividends; during the same period, it still net purchased about 1,500 BTC. Le admitted that the most intense criticism came from retail investors and "cryptocurrency anarchists," while institutional shareholders were not disturbed by it. "We sell Bitcoin when it benefits common shareholders." Currently, Bitcoin is priced at about $61,600, down more than 40% from the peak of $126,198 in October last year, and MSTR's stock price has fallen about 67% from its 52-week high. As of the end of May, Strategy held 845,256 BTC and resumed buying in early June.
BTC1.76%
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