CEO of Strategy Reveals Bitcoin Sale as a Final Option if Capital Dwindles
Finance/News

CEO of Strategy Reveals Bitcoin Sale as a Final Option if Capital Dwindles

Strategy's CEO, Phong Le, clarifies conditions under which Bitcoin would be liquidated, emphasizing financial prudence over emotional responses in market downturns.

Strategy’s CEO Phong Le stated that selling Bitcoin would only occur under specific circumstances, such as a decrease in the company’s stock value below its net asset value (NAV) coupled with a lack of financial options. He described such a sale as a financial tactic rather than a foundational policy.

“I would not want to be the company that sells Bitcoin,” said Le, emphasizing that sound financial strategy must take precedence over emotional responses during turbulent market conditions.

Le addressed investors’ concerns regarding the company’s rising fixed obligations linked to newly introduced preferred shares, estimating yearly payments at around $750 million to $800 million.

Moreover, he asserted that Strategy’s long-term perspective on Bitcoin remains firm, highlighting its status as a non-sovereign asset appreciated in various countries such as the US, Ukraine, and Argentina.

In a recent development, Strategy launched a “BTC Credit” dashboard aimed at reassuring investors by demonstrating sufficient dividend coverage even in the event of stagnant Bitcoin prices.

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