Strategy CEO Calls MSTR a 'Bitcoin Amplifier', Plans Future Buying Spree

Strategy CEO Phong Le has described his company's recent Bitcoin sales as part of a deliberate effort to build its U.S. dollar reserves.

The company sold more than 1,600 BTC for over $108 million at an average price of roughly $64,200, but has also purchased about 25 times as much during the period.

'We'll get back to buying more Bitcoin throughout the course of the year,' Le said in a recent interview.

Strategy's focus is on expanding its dollar reserves, which have climbed from around $800 million to $4.75 billion over the past few months.