Strategy CEO Defends Corporate Pivot With 10% Bitcoin Holdings Boost
The post Strategy CEO Defends Corporate Pivot With 10% Bitcoin Holdings Boost appeared on BitcoinEthereumNews.com. Amid active debates over the sale of part of its Bitcoin holdings for operational needs, Strategy’s leadership is trying to seize the initiative from critics. CEO Phong Le defended the company’s new corporate strategy by publishing strong financial results for the past three months. From April 6 to July 6, the company increased its Bitcoin reserves by 10% and now holds a record 843,775 BTC, Le said. These figures came at a moment when the market began to question whether the course of the largest institutional Bitcoin investor remains unchanged. The 10% increase announced by Strategy’s CEO is meant to prove that the net inflow of coins continues, while the company’s operational resilience has improved. Strategy’s dollar cash cushion increased by 13% to $2.55 billion, while the internal yield of its Bitcoin strategy since the start of the year more than doubled, rising fro