Strategy CEO says BTC sales near $60K and purchases around $80K were driven by cost of capital

Strategy CEO Phong Le said Strategy sold Bitcoin in the $60,000–$65,000 range before resuming purchases around $80,000, arguing that the company does not make buy/sell decisions based on BTC’s price but instead on its cost of capital. Le said the firm sold about 7,000 BTC to help fund preferred dividends and called that sale “the right trade at the time.” ^[1].

Crypto.news reported that Le cited capital costs as the justification for selling near $60,000 and then buying 4,603 BTC at an average price of $80,318 ^[2].

Multiple reports said Strategy reduced its net debt from about $7 billion to zero and built roughly $7 billion in U.S. dollar reserves ^{[1] [3]}.

Blockonomi reported that Strategy’s total assets reached $72 billion and that the company held about $65 billion in Bitcoin holdings ^[3].

Bitcoin Sistemi reported that Le said Strategy has no plans to sell its BTC holdings, and that the company would continue its Bitcoin accumulation strategy, potentially buying even if Bitcoin rises to $80,000, $90,000, $100,000, or $130,000 ^[4].