Crypto
Strategy CEO Predicts Outperformance Over Bitcoin After Bear Market
Strategy CEO Phong Le is confident that his company will outperform Bitcoin after the current bear market.
In an interview with CNBC, Le compared the current environment to the 2022 downturn and stated that Strategy has successfully navigated previous bear markets.
The company recently sold 1,638 BTC for about $104.7 million while repurchasing 912,143 STRC preferred shares worth $81.2 million.
Le confirmed that Strategy is willing to sell Bitcoin whenever it benefits the business and noted that the company currently holds around $3.75 billion in cash.