Strategy CEO: Why Sell Bitcoin at $60,000 and Buy It Back at $80,000? On September 2, 2026, Strategy CEO Phong Le @phongle said in an interview that the company’s previous Bitcoin sales in the $60,000 to $65,000 range were not based solely on Bitcoin’s price. Over the past two months, Strategy strengthened its balance sheet and reduced net debt to zero, making it more economically attractive to issue MSTR shares at a premium and use the proceeds to buy Bitcoin. Phong Le said both the earlier Bitcoin sale and the current Bitcoin purchases were the right strategies for their respective circumstances.

Strategy CEO: Selling Bitcoin at $60K and Buying at $80K Were Both the Right Trades Strategy CEO Phong Le, speaking in an interview with Bloomberg TV, explained why the company sold Bitcoin in the $60,000–$65,000 range before resuming purchases at around $80,000, saying Strategy does not make Bitcoin buying or selling decisions based on BTC’s price, but rather on its cost of capital. Le said selling roughly 7,000 BTC to fund some of the company’s preferred dividends was “the right trade at the time.” Over the past two months, Strategy has reduced its net debt from about $7 billion to zero and built roughly $7 billion in U.S. dollar reserves, strengthening its balance sheet. He said it now makes sense to sell MSTR shares at a premium to fund additional Bitcoin purchases. Le added that Strategy follows a “two-way strategy” and may sell Bitcoin when it makes financial sense, although it remains a net accumulator. He said the company could continue buying BTC at $90,000, $100,000 and even $130,000 if the economics remain attractive.

Strategy resumed Bitcoin purchases after a 10-week pause, returning to its signature accumulation strategy after the crypto bear market pressured its shares, weakened confidence in the financing model and prompted a balance-sheet overhaul

Strategy's 8-K covers the week $BTC ran toward $80,000. The bitcoin line reads "$—". No purchases, no sales, $2.01bn raised in equity to fortify the balance sheet. What does a blank field in a filing actually signal?

Strategy has 42.8 years of dividend coverage. 42.8 years ago was November 1983. Ronald Reagan was president. Microsoft Word was brand new. The Soviet Union was convinced NATO might be preparing for nuclear war. MLK Day had just been signed into law. People were buying music on cassette tapes and smoking cigarettes inside hospitals. Strategy could theoretically keep feeding the preferred dividend machine for the same amount of time it took us to go from THAT WORLD to Bitcoin treasury companies issuing digital credit on the internet. Strategy has enough runway to survive several fashion cycles, nine recessions, three monetary regimes, the invention of whatever replaces the smartphone, and at least one additional Fast & Furious reboot starring an 84-year-old Vin Diesel. 42.8 YEARS. That is a CIVILIZATION BUFFER.

Strategy’s Bitcoin Flywheel Could Slow Under Pressure Strategy holds 840,447 BTC, but a new report says capital markets access remains its key vulnerability. The company carries roughly $22 billion in debt and preferred claims against its Bitcoin holdings. It also faces about $1.76 billion in annual interest payments and preferred dividends. The report says Bitcoin could fall roughly 96% before its holdings stop covering convertible notes. The bigger concern is whether Strategy can keep raising capital during a prolonged market downturn. If financing becomes expensive, the company could eventually rely more heavily on reserves or Bitcoin sales. Source: Cointelegraph

Strategy’s Share Dilution Machine Is Running Hot 🖨️ Last week alone, Strategy sold 18.26M MSTR shares, raising $2.01B. Since adopting its Bitcoin strategy: • 139.45M common shares sold • $42.12B raised Good luck holding this stock.