Strategy CEO Phong Le said the company plans to resume accumulating Bitcoin later this year, even after shifting business priorities prompted it to sell portions of its holdings in moves that drew scrutiny from the market.
In a Monday interview with FOX Business, Le said Strategy had purchased around 175,000 Bitcoin since the beginning of the year while selling roughly 7,000 BTC, making the company a significant net buyer.
That’s “about 25 times more” buying than selling, Le said. He added that Strategy has gone from the world’s second-largest institutional Bitcoin holder to the largest.
“We’ll get back to buying more Bitcoin throughout the course of the year,” Le said.
Strategy CEO Phong Le appears on FOX Business. Source: FOX
While Strategy has accumulated more than 840,000 BTC, it has sold Bitcoin on four occasions since May, with the most recent sale totaling 1,690 BTC. The company has used proceeds from its recent…
