Strategy CEO Defends Bitcoin Trades at $60k and $80k on Capital Costs
Phong Le frames the sale at $60,000 and repurchase at $80,000 as the right move given corporate funding costs.
Strategy CEO Phong Le stated that selling bitcoin at $60,000 before buying at $80,000 was the right trade.
Le pointed to corporate capital costs as the rationale for treating the sequence as capital-efficient.
What remains unknown
Exact trade volumes, dates, and whether Strategy refers to MicroStrategy or another entity remain unspecified.