Strategy CEO Says Will Resume Bitcoin Accumulation This Year

TechFlow news, August 12, according to Cointelegraph, Strategy CEO Phong Le stated that the company plans to resume Bitcoin accumulation later this year, despite market concern sparked by recent sales of some holdings due to adjustments in business priorities.

Le revealed that Strategy has purchased approximately 175,000 Bitcoin this year, selling only about 7,000, with net buy volume about 25 times the sell volume. Currently, the company holds over 840,000 BTC, having risen from the world's second-largest institutional Bitcoin holder to first place. Proceeds from recent sales were used for preferred stock dividends, stock buybacks, and USD reserves.