Phong Le stories

Oct 26, 2026

Strategy pauses bitcoin purchases, spends $205 million on STRC buybacks

Strategy did not buy or sell any bitcoin during the week of October 19-25, ending a five-week acquisition streak. Instead, the company repurchased $204.9 million of STRC preferred shares, reducing USD cash by 46%.

Oct 26, 20265 sources

Sep 1, 2026

Strategy CEO defends selling Bitcoin at $60K before buying back at $80K

Strategy CEO Phong Le defended the company's decision to sell 6,948 BTC at around $60,000 this summer before resuming purchases at $80,318 per coin, calling both moves 'the right trade' to strengthen the balance sheet. The company has since acquired 4,603 BTC worth $370 million after a 10-week pause, bringing total holdings to 845,050 BTC.

Sep 1, 20265 sources