Strategy Purchases $1.6B in Bitcoin in May's Second Week, Plans Net Long-Term Accumulation

GateNews
BTC0.31%
According to CEO Phong Le in a Fox Business interview, Strategy purchased $1.6 billion in Bitcoin during May's second week, surpassing the total Bitcoin holdings of most corporate treasury companies in a single week. Le stated that Bitcoin's current price remains attractive and the company will continue buying. While the firm may sell some Bitcoin in the short term due to tax-loss harvesting opportunities, its long-term strategy is to maintain net accumulation and increase Bitcoin per share. The company plans to pass Bitcoin gains to shareholders.
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