Bitcoin.com

Strategy’s Phong Le Explains Why They Sold Bitcoin at $60K, Bought at $80K

Strategy’s Phong Le Explains Why They Sold Bitcoin at $60K, Bought at $80KWorldPing

Strategy sold roughly 7,000 bitcoin at $60,000 to $65,000 this summer, then bought 4,603 back at $80,318. CEO Phong Le says both trades were right, and the numbers behind that claim deserve a closer look. Sell Low, Buy High?

This is a short WorldPing brief. The full report was published by Bitcoin.com.

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With bitcoin trading between $76,000 to $82,000 this past week, during the first five days of September, a total of 626.74 BTC worth over $50 million, from dormant sleeping bitcoin wallets, moved for the first time in years.

Brief by WorldPing · Original reporting by Bitcoin.com