MicroStrategy CEO Calls Repurchase of Bitcoin at Higher Price a 'Correct Trade'

MicroStrategy CEO Phong Le addressed the company's recent Bitcoin transactions, confirming that the sale of 7,000 BTC at $60,000–$65,000 was a calculated move to fund preferred dividends. He maintained that the subsequent repurchase of 4,603 BTC at an average price of $80,318, costing $369.7 million, was a correct strategic decision for the firm's capital management.