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
Related Coin Charts
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.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
13m ago
Shanghai-listed firms repurchase over RMB 32.6B in October
43m ago
Major State-Owned Chinese Bank Plans 100B Yuan Each in Buyback Loans to China Reform, Chengtong
46m ago
Shanghai-listed firms post 3.8% revenue, 6.0% profit growth in first three quarters of 2026
1h ago
Symbiosis flags attempt to move Binance hack funds through its cross-chain protocol
2h ago
Binance Hacker Swaps 970,522 Stolen SOL for BTC
2h ago
OKX Opens Pre-Subscription for USDT Yield Event With 1M USDT Pool