Strategy CEO says recent BTC sale was a test of asset flexibility

Strategy (MSTR) CEO Phong Le said in an interview with CNBC that the company's recent sale of Bitcoin was a deliberate move to test the flexibility of its asset operations and to coordinate dividends for its preferred stock, STRC. Strategy recently sold 32 BTC at an average price of $77,135. Le emphasized that the sale was not due to financial distress but was intended to confirm that the company's internal asset sale systems are functioning correctly and for tax-related purposes. He highlighted that Strategy purchased an additional 1,550 BTC during the same period, maintaining a net-buy position. Le added that while there is uncertainty regarding the Federal Reserve's interest rate path, geopolitical conflicts, and regulatory issues, the company's view of BTC as a strong hedge against inflation and various government-related problems remains unchanged.