MicroStrategy CEO Defends Bitcoin Sale at $60,000

MicroStrategy CEO Phong Le defended the company's decision to sell approximately 7,000 BTC at a price range of $60,000 to $65,000. He stated that the move was a necessary strategic trade to cover corporate capital costs, specifically for preferred stock dividends. Following the sale, the company repurchased 4,603 BTC at an average price of $80,318, totaling an investment of $369.7 million.