Strategy CEO Phong Le outlines conditions for selling Bitcoin
Crypto Briefing
CEO Phong Le states that Strategy will only sell Bitcoin as a last resort if the company's stock trades below its net asset value.Summary
Strategy CEO Phong Le has established a strict framework that makes selling the company's 818,334 Bitcoin a last-resort option. Bitcoin sales would only occur if the firm's stock trades below its modified net asset value (mNAV) and all other capital-raising efforts, such as equity or debt financing, have been exhausted. The company prioritizes increasing its "Bitcoin per share" (BPS) metric, utilizing a multi-year cash buffer and premium share offerings to avoid liquidating its crypto holdings. This shift from a "never sell" policy to one of "extreme duress" management aims to protect shareholder value while maintaining the company's position as a leveraged Bitcoin vehicle.
(Source：Crypto Briefing)