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 announced that the company plans to resume accumulating Bitcoin this year, despite recent sales that challenged its long-standing accumulation strategy. In a recent interview with FOX Business, Le revealed that the company had purchased around 175,000 Bitcoin since the beginning of the year, while selling roughly 7,000 BTC, making it a significant net buyer.
Le also mentioned that Strategy has gone from the world's second-largest institutional Bitcoin holder to the largest. The company had accumulated over 840,000 BTC but had sold Bitcoin four times since May, with the most recent sale totaling 1,690 BTC. The shift in strategy highlights the competing demands faced by Strategy as a public company, balancing its Bitcoin accumulation strategy with obligations to shareholders.
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