Strategy CEO Expresses Confidence in Long-Term Bitcoin Outlook Despite Recent Sales

Strategy CEO Phong Le told CNBC the company remains confident in its long-term Bitcoin approach despite selling 1,638 BTC for approximately $104.7 million while repurchasing 912,143 STRC preferred shares worth $81.2 million. Le characterized the current environment as another Bitcoin bear cycle, comparing it to 2022, and said the firm has successfully navigated similar downturns before and expects to emerge stronger.

Le attributed Bitcoin's recent weakness to broader macroeconomic conditions rather than problems inherent to the asset. The company plans to adjust its capital structure as needed and remain focused on long-term shareholder value. He confirmed Strategy is willing to sell Bitcoin when it benefits the business, suggesting such sales could continue.

So far in 2026, Strategy has sold 3,620 BTC, marking a departure from its previous "never sell" reputation. During the company's second-quarter earnings call, Le revealed that holding large dollar reserves proved more valuable than relying solely on liquid Bitcoin, noting that preferred shareholders value stable cash over Bitcoin holdings because dividends and debt payments must be made in dollars. Strategy currently holds approximately $3.75 billion in cash, sufficient to cover more than two years of dividend and interest obligations.

Despite the sales, Le insisted Strategy remains fully committed to Bitcoin and described the firm as the "J.P. Morgan of the crypto economy." The company still owns more than 843,000 BTC, worth roughly $58 billion, maintaining its position as the world's largest institutional Bitcoin holder. According to Le, selling a small portion does not change the company's overall strategy, which remains focused on increasing Bitcoin per share and creating long-term value for investors.