Strategy CEO Phong Le defended on Wednesday on Bloomberg Crypto both the sale of 6,916 BTC between late June and mid-August at a weighted average of approximately $62,200 and the purchase of 4,603 BTC last week at an average of $80,318. The company now holds 845,050 BTC worth approximately $65.4 billion, having reduced net debt from $7 billion to zero while building $7 billion in dollar reserves. The sale decision depended on MSTR trading below the STRC preferred’s par value, not on Bitcoin’s price.
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