Strategy sold approximately 7,000 BTC at $60,000 to fund dividends before repurchasing 4,603 BTC at an average price of $80,318, an operation defended by CEO Phong Le as part of active capital management. During this ten-week pause in purchases, the company also reduced its net debt from $7 billion to zero and built $7 billion in cash reserves. Strategy resumed buying and its holdings now total 845,050 BTC, valued at approximately $65 billion. Bernstein maintained its Outperform rating on MSTR stock while lowering its price target from $450 to $350. For Phong Le, the goal is not to nail every market move but to preserve a model capable of sustainably financing BTC accumulation.
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