Benzinga News Agency
8 hours agoBenzinga
Cryptocurrency Medium Importance Neutral
MSTR's Phong Le Defends New Approach: 'Strategy Needs Bitcoin, Bitcoin Doesn't Need Strategy'

MSTR's Phong Le Defends New Approach: 'Strategy Needs Bitcoin, Bitcoin Doesn't Need Strategy'

Strategy Inc.'s (NASDAQ:MSTR) transactions are part of disciplined capital management rather than a change in its long-term Bitcoin (CRYPTO: BTC) strategy, according to CEO Phong Le. Why Strategy Started Selling BTC In its Q2 earnings call, Le said Strategy intends to monetize portions of its Bitcoin holdings for three primary reasons: To build its U.S. dollar reserve to as much as $5 billion.

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Source: Benzinga
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