When Will Strategy Buy Bitcoin Again? CEO Phong Le Has the Answer
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Strategy CEO Phong Le said the firm will resume BTC purchases by year-end as it rebuilds its USD reserves and restores investor confidence in STRC. The world's largest corporate bitcoin holder has bought about 175,000 BTC year-to-date and sold roughly 7,000, remaining a roughly 25x net buyer despite pausing buys in late June, a significant institutional signal for crypto adoption and market impact.
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After shifting its focus to rebuilding its USD stash and reinstating investors’ belief in STRC, Strategy’s CEO, Phong Le, explained that the firm plans to resume its BTC purchases by the end of the year.
As reported by Wu Blockchain, the exec noted that the world’s largest corporate holder of bitcoin remains a massive net buyer of the cryptocurrency, as it has purchased around 175,000 since the year started and has disposed of roughly 7,000. This means that the firm is still a 25x net buyer despite halting its purchases in late June.
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$ 63.69K
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