Strategy CEO Phong Le has broken his silence on making further Bitcoin sales and whether the company will “be forced” to sell BTC. However, he has resisted criticism over his recent sale of 32 bitcoins.
Strategy CEO Opens Up About ‘Forced’ Sell-off of Bitcoin Narrative
In an interview with cryptocurrency analyst Scott Melker, Lu addressed the growing speculation that the strategy might need to sell Bitcoin. He then revealed a scenario in which the company could dump its massive stash of Bitcoin to cover dividends or debt payments.
“The most realistic scenario for us being forced sellers of Bitcoin is that we have about $3.5 billion worth of preferred transactions maturing in 2028,” he said. He said.
“If Bitcoin loses a significant amount of its value at the time our stock price is low, we will effectively sell Bitcoin to satisfy converts,” the chief strategy officer added.
My conversation with @scottmilker on @YahooFinance on @strategythe largest Bitcoin holder in the world, why $jog and $MSTR Use preferred stock and pay $STRC Dividends, buying and selling $ Bitcoinand $MSTR performance. pic.twitter.com/pvt0UUyKHM
– Phong Lu (@phongle) June 13, 2026
However, he described it as an “edge case.” He added that the company could also refinance or “settle” liabilities instead of selling Bitcoin.
Lu confirmed that Strategy currently holds 845,256 BTC, making it “by far the largest company and now the largest known holder of BTC in the world.”
These comments come in the wake of recent criticism of the company regarding… Sell 32 Bitcoin It was valued at approximately $2.5 million at the time. Some market participants said the deal was a sign of liquidity problems related to Strategy’s growing dividend obligations.
Phong Le defends the recent sale of 32 bitcoins
Low rejected the idea that the sale was to pay dividends. He claimed it was meant to be small and a test of internal systems with the aim of creating tax advantages for the future. He also highlighted how the market was heading lower when selling 32 BTC, but did not react with the same intensity when the strategy was… Bought another 1,550 Bitcoin Last week.
“We didn’t sell it because we needed to sell it to meet our dividend obligations,” he said. Lu also added: “We did this in order to fortify the market, two test our operations, and three be able to capture future tax loss.”
The company’s annual dividend payments are about $1.7 billion, but the size of its capital structure and trading liquidity allow it to make such payments, Lu said.
He added: “I never lose sleep at night wondering: How are we going to pay our dividends?”
The head of strategy also stood by his overall funding framework for the company as it has several preferred equity products tied to exposure to Bitcoin.
According to Lee, the company still aims to grow Bitcoin’s value per share over the long term, despite some short-term volatility.
“We think strategically from year to year and really long term,” he said. “Do you increase bitcoin per share every year? The answer is yes,” Lu concluded. Meanwhile, As reiterated by Michael Saylor Buy BTC for the company.
