Bitcoin Sale Didn’t Shake Institutional Investors, Says Strategy CEO, But Crypto Anarchist Retail Crowd Got The Jitters
Strategy Inc. (NASDAQ:MSTR) CEO Phong Le said on Wednesday that institutional shareholders were not as unsettled by the company’s Bitcoin (CRYPTO: BTC) sales as retail investors and cryptocurrency anarchists.
Strategy CEO Says BTC Sale Blown Out Of Proportion
During an interview with CNBC, Le said that the firm would continue to sell its Bitcoin if “it makes sense” for its common stockholders.
He stated that the latest sale of 32 BTC, worth $2.5 million, was to “test” the company’s processes and wondered why it received so much attention.
“Institutional shareholders that we talk to don’t seem to be unnerved by it,” the CEO added. “I think the unnerving is the retail community that views on never selling your Bitcoin, who are crypto-anarchists. Frankly, we have a lot more than just them as constituents.”
About The Author
