TREE NEWS reports: Phong Le, CEO of Strategy, said the company’s decision to sell nearly 7,000 BTC at around $60,000 was driven by its cost of capital, not Bitcoin’s price. He expressed no regrets about the sale, even as the company repurchased Bitcoin above $80,000. Le emphasized that the trade was ‘the right trade’ given funding costs.
Strategy CEO Defends Selling Bitcoin at $60K, Cites Cost of Capital
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AI take
This defense reframes a seemingly premature sale as a capital-management decision, signaling that corporate treasuries may prioritize funding efficiency over price timing. It underscores the tension between opportunistic Bitcoin accumulation and the discipline of capital costs, a dynamic that could influence how other firms structure their holdings. The open question is whether such cost-driven liquidity events become a recurring pattern, potentially adding volatility to market flows, or remain isolated to specific balance-sheet strategies.
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