Strategy Inc. (NASDAQ:MSTR) on Thursday deposited 411 Bitcoin (CRYPTO: BTC) worth $30.3 million into Coinbase Prime, pushing Polymarket odds of the company selling Bitcoin before year-end to 84%.

Le Acknowledges Bitcoin Sale Is Possible, But Frames It As Accretive

Strategy CEO Phong Le addressed the sale speculation directly in a Fox Business interview the same day.

While long-term philosophy calls for accumulating Bitcoin, he acknowledged that a week-to-week decision to sell could happen if it increases Bitcoin per share for shareholders. 

The company also holds unrealized tax losses it can capitalize on, giving it a practical reason to sell at some point.

“We will be net increasing our Bitcoin and more importantly increasing our Bitcoin per share,” Le stated, framing any potential sale as a tool rather than a retreat. 

Strategy last bought Bitcoin the week of May 11, purchasing $1.6 billion worth at an average price of $80,985. The company did not buy for the following two weeks.

CEO Says Debt Buyback At 92 Cents Was The Right Move

Phong Le said that the $1.5 billion debt repurchase served two purposes. First, it reduces convertible debt sitting above preferred stock on the balance sheet, creating more room for STRC to grow. 

Second, the company bought the notes back at 92 cents on the dollar because Bitcoin’s price decline pushed that convertible tranche below par.

Peter Schiff fired back, arguing Strategy gave up free financing and burned through badly needed cash, leaving the company with under $1 billion on its books. 

Le pushed back directly, saying the $2.25 billion cash reserve was created exactly for moments like this one, and the company deploys capital based on a multivariate model it runs every hour.

MSTR Chart Sitting At Make-Or-Break Zone Around $150

MSTR trades 28% below its 200-day SMA at $208.87 and sits in a tight decision zone between the 100-day SMA at $150 and the 50-day SMA at $155.41. Moreover, the stock is down 59.09% over 12 months.

MACD sits below its signal line with a negative histogram, confirming upside pressure is fading. 

Bulls need to hold $150, which lines up with the 100-day SMA, as a break below that level removes the nearest technical floor. 

Resistance sits at $152.50 just overhead, with the 200-day SMA at $208.87 as the longer-term target bulls need to reclaim.

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