Strategy CEO Phong Le Reveals Main Reason Behind 32 Bitcoin Sale

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According to CNBC interview on June 11, Strategy CEO Phong Le said the company's recent 32 Bitcoin sale was mainly intended to test its internal selling process and "inoculate the market" against future Bitcoin disposals. The company sold 32 BTC between May 26 and May 31 at an average price of $77,135, raising approximately $2.5 million. Le said the sale was not designed to fund dividends and should not signal that Strategy needs Bitcoin proceeds to cover preferred stock obligations, while founder Michael Saylor signaled the firm remains focused on long-term Bitcoin accumulation.
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