Strategy Aims to Return to Bitcoin Accumulation Mode — CEO
Strategy CEO Phong Le said the firm will resume building its bitcoin reserve within a year, following net purchases of 175,000 BTC since January.
BTCUSDMSTR
Strategy, the business intelligence firm formerly known as MicroStrategy, plans to switch back to bitcoin accumulation mode, according to CEO Phong Le. In a recent statement, Le confirmed the company will resume building its bitcoin reserve within the next year.
Since January, the firm has been actively trading the cryptocurrency, buying around 175,000 BTC and selling only about 7,000 BTC. The significant net increase highlights Strategy’s continued commitment to its bitcoin treasury strategy.
Source: ForkLog