Phong Le
Coverage of Phong Le in the Nexus archive.
- Strategy (MSTR) Retires $1.5 Billion in Convertible Debt at a Discount, Bitcoin Holdings Hit 843,738 BTC
Strategy (MSTR) retired $1.5 billion in convertible debt at an 8% discount, saving $120 million, while increasing its Bitcoin holdings to 843,738 BTC. The move reflects aggressive capital management and generated a $333 million BTC Dollar Gain from the bond buyback.
- Strategy (MSTR) Spends A Massive $2 Billion on More Bitcoin, Lifts Holdings to 843,738 BTC
Strategy spent $2 billion on additional Bitcoin, increasing its holdings to 843,738 BTC, cementing its position as the world's largest corporate Bitcoin treasury. The purchase marks a significant acceleration from the company's previous disclosed buy. Strategy's Bitcoin treasury now carries a market value of over $67 billion.
- Strategy (MSTR) Buys $43 Million More Bitcoin After Saylor Defends Potential BTC Sales
Strategy purchased $43 million more Bitcoin, increasing its holdings to 818,869 BTC, despite potential sales. The company's executive chairman, Michael Saylor, defended the strategy, stating that for every bitcoin sold, they would buy 10 to 20 more. This move comes after a 23% drop in Bitcoin's value in Q1 2026.
- Strategy CEO Phong Le says company will sell BTC only in specific cases
Strategy CEO Phong Le stated that the company will only sell Bitcoin in specific cases, and its sales will not impact the market despite owning over 4% of the maximum supply. The company's Bitcoin holdings are significant, but their sale strategy is cautious. This approach aims to minimize market disruption.
- Strategy Opens Door to Bold Bitcoin Sales Pivot Unlocking $2.2 Billion Tax Benefit
Strategy Inc., formerly MicroStrategy, reported a Q1 2026 operating loss of $14.47 billion, but signaled a strategic pivot to sell portions of its Bitcoin holdings, marking a departure from its long-standing 'never sell' narrative. The company holds 818,334 BTC and has raised ~$11.7 billion year-to-date. This move is expected to unlock a $2.2 billion tax benefit.
- Strategy and Blockstream CEOs Paint Vision of Bitcoin’s Financial Future
Strategy and Blockstream CEOs Phong Le and Adam Back discussed Bitcoin's role in reshaping financial systems, highlighting Strategy's Bitcoin holdings, digital credit products like STRC, and tokenization as key drivers. They emphasized institutional adoption, DeFi integration, and Bitcoin's alignment with cypherpunk ideals.
- Morgan Stanley’s Spot Bitcoin ETF Tops $139M in Assets Within Nine Days
Morgan Stanley's spot Bitcoin ETF has accumulated over $139 million in assets within nine days, driven by institutional demand and a competitive 14 basis point fee. Analysts suggest a modest 2% allocation across the firm's $8 trillion wealth platform could unlock $160 billion in Bitcoin demand, surpassing existing ETFs like BlackRock's iShares Bitcoin Trust.