
Strategy links Bitcoin buys to STRC recovery
- Strategy CEO Phong Le said future Bitcoin purchases depend on stronger demand for STRC securities.
- The company's Bitcoin acquisition strategy remains tied to its ability to raise capital.
- Phong Le said a recovery in STRC demand would support additional Bitcoin purchases.
Strategy CEO Phong Le said the company's future Bitcoin (CRYPTO:BTC) purchases will depend on stronger demand for its STRC preferred securities.
The company recently slowed its Bitcoin buying after weaker investor demand affected its capital-raising activities.
"Our ability to buy more Bitcoin depends on our ability to raise capital," said Strategy CEO Phong Le.
Phong Le said stronger demand for STRC would improve the company's capacity to fund additional Bitcoin acquisitions.
Strategy continues to use equity and debt offerings to finance its Bitcoin investment strategy, subject to market conditions.
The company remains the world's largest corporate holder of Bitcoin and has continued adding to its holdings through multiple capital raises.
The latest comments show that Strategy's future Bitcoin purchases will remain linked to investor demand for its financing products.
At the time of reporting, Bitcoin price was $63,371.10.