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Bitcoin Sale Only in Decades-Long Slump

Strategy CEO Affirms Long-Term Commitment to Bitcoin Holdings

  • The company intends to maintain its Bitcoin reserves unless a liquidity crisis persists for decades.
  • CEO Phong Le stated that only a severe and prolonged downturn would necessitate selling Bitcoin, projecting such a scenario might not occur until 2065.
  • Strategy recently raised $1.4 billion in just over eight days, ensuring 21 months of financial coverage and demonstrating its ability to access capital markets during downturns.
  • The firm adopted its Bitcoin treasury strategy in 2020, holding approximately 650,000 Bitcoin valued at around $58 billion at current market prices.
  • The CEO dismissed concerns about cryptocurrency’s long-term viability, citing Bitcoin’s annual growth rate of 45% over the past five years as evidence of its strength as an asset class.

Strategy remains committed to its Bitcoin holdings, with CEO Phong Le indicating sales would only occur under extreme conditions. The company’s recent capital raise underscores its robust financial strategy amid market fluctuations.

Source (3.2)https://cryptobriefing.com/bitcoin-holding-strategy-decade-slump/?rand=59535
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