Strategy · Bitcoin · Michael Saylor · Bitcoin Magazine
Strategy (MSTR) CEO Confirms Bitcoin Sale Was About Market ‘Inoculation,’ Not a Retreat
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Strategy CEO Phong Le said the company's first Bitcoin sale since 2022 was a deliberate test meant to prove its operational flexibility and reassure investors that its processes work.
Key facts
- MSTR shares have been caught in the same downdraft, trading near $117–$127 as of this week, down roughly 67% from their 52-week high of $457
- Bitcoin was trading around $61,600 on June 10, 2026, down more than 40% from its all-time high of $126,198 reached in October 2025
- Strategy has since resumed buying, acquiring 1,550 BTC at an average price of $65,332 between June 1 and June 7 in a move analysts characterized as an effort to restore market confidence
- As of late May, the company held 845,256 Bitcoin at a total cost basis of approximately $63.97 billion
Summary
Strategy Inc. CEO Phong Le somewhat pushed back Tuesday against the wave of criticism that followed the company’s first Bitcoin sale since 2022, telling CNBC’s Power Lunch that the move was a deliberate, limited exercise designed to signal operational flexibility, not a philosophical reversal. “We wanted to inoculate the market and we wanted to test our processes,” Le said in what the network described as a first-time interview. Between May 26 and May 31, Strategy sold 32 Bitcoin for approximately $2.5 million at an average price of $77,135 per coin, a transaction that, despite representing 0.004% of the company’s total holdings, set off an outsized market reaction and reignited debate over whether Michael Saylor’s famous “never sell” doctrine was being abandoned.