Strategy's latest statement attempts to calm down the speculation that the market is reducing bitcoin. The company disclosed that the recent sale of 3,588 bitcoin was only part of the financial arrangements and did not imply a change in its long-term bitcoin strategy.
3588 BTC sold and responded to market challenges
The CEO and CEO Phong Le, responding to investors, stated that the sale of some $216 million bitcoin had not changed the direction of the company. He claims that the market was not under pressure from the sale during the completion of the transaction, but that the price went up.
Phong Le further stated that Strategy remained the bearer of Bitcoin, the largest firm in disclosure, and that the company hoped to continue to expand its position and maintain its business buyer status for years to come.
Cash reserve raised to $3 billion
In response to the company ' s recent practice of increasing its cash reserves rather than immediately continuing to buy bitcoin, Phong Le explained that Strategy was still in a healthy financial position and that debt pressure was not yet a real problem.
According to him, it was only when bitcoin prices fell sharply to between $8,000 and $10,000 that companies needed to assess more carefully the debt-related risks. Prior to that, management considered that the balance sheet remained safe.
- Number sold: 3,588 BTC
- Corresponding amount: approximately $216 million
- Size of cash reserves: approximately $3 billion
Saylor, send a letter and start a guess.
Meanwhile, Executive Chairman Michael Saylor recently released “What's Next?” on platform X, with an orange dot chart that is commonly used by Strategy. In the past, this chart appeared on several occasions before the company announced that it had purchased bitcoin in large amounts.
As a result, the market again speculates that Strategy may soon disclose new bitcoin purchases. At this stage, however, companies have not yet published the details of the new currency purchase transactions.
Additional information:It was also mentioned in the original text that bitcoin was at a transaction price of approximately $64,212, with a small fall within 24 hours. With regard to market judgements on technological trends and potential price targets, Strategy management did not confirm this statement.