MSTR's Phong Le Defends New Approach: 'Strategy Needs Bitcoin, Bitcoin Doesn't Need Strategy'

Why Strategy Started Selling BTCIn its Q2 earnings call, Le said Strategy intends to monetize portions of its Bitcoin holdings for three primary reasons:

To build its U.S. dollar reserve to as much as $5 billion.

To fund preferred dividend obligations.

To support up to $2 billion in authorized security repurchases.