Jiang Zhuo’er, founder of the Litecoin mining pool B.TOP, has shared insights on Strategy's approach to Bitcoin sales. According to Jiang, Strategy is unlikely to sell large quantities of Bitcoin, opting instead for small sales to cover interest payments. This approach is part of a 'rolling strategy' where Strategy issues new STRC tokens to acquire more Bitcoin while selling minimal amounts of its early-acquired, low-cost Bitcoin to generate accounting profits for interest payments.
Jiang suggests that this strategy helps maintain Strategy's reputation of 'never selling Bitcoin,' which is crucial for ongoing fundraising efforts. By conducting small-scale sales, Strategy can demonstrate genuine profits, avoiding investor concerns that new funds are being used to pay old interest.
Jiang Zhuo’er: Strategy Adopts 'Rolling Strategy' for Bitcoin Sales
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
