Strategy (NASDAQ: $MSTR) CEO Phong Le is seeking to reassure investors that the company's Bitcoin (CRYPTO: $BTC) holdings will grow again this year.
Le said that Strategy intends to continue growing its Bitcoin holdings even after multiple sales in recent weeks that reduced the company's ownership to 840,447 BTC.
In an interview with Fox Business, Le said the company will return to accumulating Bitcoin once it finishes building up its U.S. dollar reserves and supports its preferred stock (NASDAQ: $STRC) that pays a bi-monthly dividend that yields 12%.
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"When Stretch gets back to par, we'll issue more. We'll buy more Bitcoin," Le said.
Le's comments come after Strategy raised $108.6 million U.S. last week through the sale of 1,690 BTC and an additional $653.1 million U.S. from the sale of 6.59 million shares of its common stock.
The company used the proceeds to buyback 1,152,020 shares of its preferred stock at a cost of $108.6 million U.S.
