Strategy CEO: We Sold 32 BTC to Inoculate the Market and Test Our Selling Process
Strategy CEO Phong Le
@phongle said in a June 11 interview with CNBC that the company sold 32 BTC mainly to inoculate the market and test its internal selling process. The tax losses generated from the sale can also be used to offset related taxes.
Phong Le emphasized that the sale was not meant to pay dividends, as Strategy can still use other financing channels for that purpose. But if selling Bitcoin is beneficial to common shareholders, the company may choose to do so.