Strategy CEO Defends Selling Bitcoin at $60K Before Buying at $80K

Strategy made waves in the crypto market this summer by selling roughly 7,000 Bitcoin at prices between $60,000 and $65,000. Just months later, the company bought back 4,603 Bitcoin at a much higher price point of $80,318. Critics immediately questioned the wisdom of selling low and buying high.

However, CEO Phong Le defended both transactions in a recent interview. He argues that looking at the trades in isolation misses the bigger picture of the company treasury strategy. According to Le, the overall financial mechanics behind those moves still make sense for their long term balance sheet goals.

Market watchers continue to debate corporate treasury tactics as major holders accumulate more coins. Traders should keep an eye on how corporate buying pressure influences overall market liquidity and price trends in the coming weeks.