Strategy CEO Phong Le Says We Would Sell Bitcoin: Here’s Why and When
The post Strategy CEO Phong Le Says We Would Sell Bitcoin: Here’s Why and When appeared on BitcoinEthereumNews.com.
Strategy CEO Phong Le says the company would only sell Bitcoin as a last resort to fund dividend payments. Selling Bitcoin could offer tax advantages, but narrative and investor perception make it a delicate decision. The firm is not looking to acquire other Bitcoin treasury companies for now. Phong Le, the CEO of Strategy, has revealed that his company would be open to selling Bitcoin under certain circumstances. Despite Strategy’s well-known position as one of the largest Bitcoin treasury companies, Le addressed the difficult reality of needing to sell Bitcoin in order to fund dividend payments. Why Selling Bitcoin Is on the Table — But Only as a Last Resort Phong Le stressed that while Strategy remains deeply committed to accumulating and holding Bitcoin, selling is not completely off the table. Notably, the company currently holds 649,870 BTC worth $58.84 billion. Le emphasized that the primary metric for evaluating the company’s performance is Bitcoin yield, which is similar to how traditional companies focus on earnings per share. The strategy behind holding a large Bitcoin treasury is that it generates yield over time. However, if the company’s MNAV (Market Net Asset Value) drops below 1x, it could necessitate the sale of Bitcoin to meet financial obligations, such as dividend payments. “We would sell Bitcoin if we needed to fund our dividend payments below 1x MNAV,” Le said. He added that Bitcoin yield is the company’s “North Star,” guiding its decision-making process. Meanwhile, in a scenario where MNAV compresses significantly, selling Bitcoin could become a necessity. However, Le stressed that such a decision would be “a last resort”. Related: Michael Saylor Highlights Two Factors That Could Drive Bitcoin Price How Narrative, Market Perception, and Taxes Influence the Decision Even though selling BTC might make financial sense under certain conditions, Le acknowledged that…
