Phong Le stated that Strategy sold 32 Bitcoin primarily to “stabilize the market and test its internal sale execution process.”
He added that tax losses generated from the sale may also be used to offset applicable taxes.
Phong Le emphasized that the sale was not intended to fund dividend payments, since Strategy still has access to other financing channels for that purpose. However, if selling Bitcoin is beneficial to common shareholders, the company may choose to do so in the future.
He added that tax losses generated from the sale may also be used to offset applicable taxes.
Phong Le emphasized that the sale was not intended to fund dividend payments, since Strategy still has access to other financing channels for that purpose. However, if selling Bitcoin is beneficial to common shareholders, the company may choose to do so in the future.