Strategy CEO says company will resume Bitcoin accumulation this year
The company has bought roughly 25 times more BTC than it has sold this year, despite recent sales that challenged its long-standing accumulation strategy.
Strategy CEO Phong Le has confirmed the company's intention to resume Bitcoin accumulation later this year, according to a Monday interview with FOX Business. Since the beginning of the year, Strategy has purchased approximately 175,000 BTC while selling around 7,000 BTC, making it a substantial net buyer - about 25 times more buying than selling.
This shift in strategy, which has seen the company move from the second-largest to the largest institutional holder of Bitcoin, was prompted by a change in business priorities, leading to the sale of some holdings. Despite recent sales that have drawn market scrutiny, Le emphasized that the company plans to resume its buying trend throughout the remainder of the year.
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