Strategy’s Phong Le Explains Why They Sold Bitcoin at $60K, Bought at $80K
WorldPing
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.
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
A historical analysis of bitcoin price performance from 2010 through 2026 demonstrates that the vast majority of the asset's annual returns occur during a tiny fraction of the calendar year.
Brief by WorldPing · Original reporting by CoinDesk
At least four more decade-old wallets moved a combined $15.7 million between Aug. 29 and Sept. 4, with one batch of coins sent to Coinbase in a likely sign of a sale.
Brief by WorldPing · Original reporting by Decrypt
U.S. bitcoin exchange-traded funds (ETFs) closed Friday with $174.60 million in net inflows, even as bitcoin’s price slipped back below $80,000. Ether and HYPE funds also attracted capital, while solana ETFs posted outflows.
Brief by WorldPing · Original reporting by Bitcoin.com