Sell first, buy back later, with a $20,000 price gap in between—it sounds like a losing trade. But Strategy CEO Phong Le doesn't see it that way. He publicly defended the company's decision to sell Bitcoin at $60,000 and buy it back at $80,000, calling it "the right trade."
Le's reasoning centers on corporate capital costs. This points to the reality a publicly traded company faces when holding Bitcoin: buy-and-sell timing isn't just about price swings—it also involves financial considerations like fund allocation and debt structure, things that can't simply be explained by a "buy low, sell high" logic.
Based on Le's comments, what he's defending isn't the price call itself, but rather the argument that the financial arrangement behind this trade made sense given the circumstances at the time. As for exactly which funds were involved, the specific timing, or how much Bitcoin was at stake, no further details have been made public.
