Phong Le's move is quite interesting; selling 32 BTC as a process test, and also conveniently doing a tax loss offset. If in the future selling coins can boost earnings per share, it might really become a regular practice. The mathematical models of Strategy are getting more and more sophisticated.

Strategy company's CEO Phong Le stated that selling 32 BTC was a test of internal processes, not a cash dividend requirement, aiming to reduce market impact and prepare for future small sales. From May 26 to 31, approximately $2.5 million was traded, with an average price of about $77,135 per BTC. SEC filings show the proceeds were used for preferred stock allocation, and Le denied the need to sell BTC, stating there are other financing channels. This transaction also resulted in tax losses that can be offset in the future. Going forward, a mathematical approach will be used to weigh the trade-offs between selling BTC and issuing stock; if BTC sales can improve earnings per share of common stock, this path may be considered.