According to The Block, Strategy ($MSTR) CEO Phong Le stated that the sale of approximately 7,000 BTC at prices between $60,000 and $65,000 was the "right move" to raise funds for preferred stock dividends. Subsequently, Strategy repurchased 4,603 BTC at an average price of $80,318, totaling $369.7 million.
Strategy CEO sells 7,000 BTC at $60K–$65K, later repurchases at an average of $80K
MarsBitShare
Summary
A recent trading strategy move by Strategy ($MSTR) CEO Phong Le involved selling 7,000 BTC between $60,000 and $65,000 to fund preferred stock dividends. Later, the company repurchased 4,603 BTC at an average price of $80,318, totaling $369.7 million. The scalping strategy entailed selling at a lower price and re-entering at a higher one. Le described the initial sale as a "correct move." The buyback signals a reversal in the firm’s market positioning.
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