Crypto news report · source clearly identified
Strategy CEO Defends Bitcoin Trade Between $60,000 and $80,000
Strategy CEO Phong Le explained that selling Bitcoin at $60,000 before repurchasing at $80,000 was justified by corporate capital costs.
Strategy CEO Phong Le defended a recent Bitcoin transaction in which the firm sold the cryptocurrency at $60,000 and later bought it back at $80,000, describing the move as the "right trade" based on corporate capital cost considerations.
Rationale Behind the Trade
Le cited the firm’s internal cost of capital as the primary factor influencing the decision, indicating that the timing aligned with the company’s financial strategy.
Implications for Strategy’s Portfolio
The explanation suggests that the trade was not driven by market speculation but by the firm’s broader capital management objectives.
Source & attribution
News Source
- Publisher
- The Block
- Original date
- September 2, 2026, 10:26 AM
- Original headline
- Strategy CEO says selling bitcoin at $60,000 before buying at $80,000 was the ‘right trade’