PANews reported on June 11 that, according to Bitcoin Magazine, Strategy CEO Phong Le stated in an interview with CNBC that the company's first Bitcoin sale since 2022 was a "test of immunity" for the market, aimed at demonstrating operational flexibility rather than a reversal of its philosophy. Strategy sold 32 BTC between May 26 and 31. Le gave three reasons: to prove that a sale could be made if necessary, to confirm that the internal systems could execute the sale correctly, and to capitalize on tax losses by leveraging different cost bases.
Le emphasized that the sale was not due to financial pressure, and the company could meet the preferred stock dividend through other financing activities. He acknowledged investor skepticism regarding the "never sell" promise, but stated, "We will sell when it is beneficial for Bitcoin's ordinary shareholders," adding that the fiercest criticism came from retail investors and "crypto anarchists," while institutional shareholders remained unperturbed. Le pointed out three major macroeconomic pressures currently facing Bitcoin: uncertainty surrounding the Federal Reserve's interest rate path, two global wars, and a lack of clarity in congressional regulatory legislation. However, he remains optimistic about Bitcoin's long-term prospects, viewing it as a hedge against inflation and large-government policies, and noted that the current pullback is similar to the approximately 75% drop in May 2022.
