Strategy Unloads 7,000 BTC Before Resuming Buying Spree
Strategy, led by CEO Phong Le, has resumed buying Bitcoin after a two-month pause. During this time, it sold around 7,000 BTC at prices between $60,000 and $65,000.
This sale was driven by capital costs and corporate obligations, according to Le, rather than the price of Bitcoin itself.
Strategy's total holdings now stand at 845,050 BTC after it purchased 4,603 BTC at an average price of $80,318. This represents a growth of about 30% this year.
Le stated that Strategy could continue buying Bitcoin even if the price reaches $90,000, $100,000, or $130,000 as long as the capital economics remain attractive.