Bitcoin News
By Jean-Luc Maracon
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Phong Le Faces Criticism from Hodlers. That didn't stop the market from reacting negatively.
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1,550 Bitcoin Bought Back Shortly After. Strategy remains a net buyer. During the same period as the sale of the 32 BTC, the company…
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Strategy Inc. sold 32 Bitcoin between May 26 and May 31. The average price: $77,135 per unit, totaling around $2.5 million. A small amount, but a big reaction.
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CEO Phong Le was straightforward about the reasons. According to him, there were three objectives: to show that Strategy can sell when needed, to test the company's internal…
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0.004% of total holdings. That's what this sale represents.
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That didn't stop the market from reacting negatively. Bitcoin was hovering around $61,600 on June 10, 2026, down more than 40% from the all-time high of October 2025.
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The harshest critics? They come from retail investors and "crypto-anarchists," according to Phong Le himself. Those ideologically committed to never touching their Bitcoin.
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And that's where the divide gets interesting. On one side, institutional shareholders who see it as a normal operational maneuver.
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This isn't the first time. In December 2022, Strategy sold 704 BTC at $16,776 each, then bought back 810 two days later.
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See also: Bitcoin maintains $60K but a drop to $50,000 remains possible
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At the end of May, Strategy held a total of 845,256 Bitcoin. Not exactly the profile of a company doubting its strategy.
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More context: Bitcoin Could Drop Another 20% Before Bear Market Ends, Analysts Warn
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Phong Le still acknowledges external pressures. He cites uncertainty around Federal Reserve interest rates, ongoing global conflicts, and the lack of regulatory clarity from the U.
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He makes a comparison. Current conditions, according to him, resemble those of May 2022 — a cyclical downturn, not a structural break.
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The global context is heavy. Spot Bitcoin ETF outflows are estimated between $2.8 and $3.5 billion — a figure reflecting a loss of investor confidence, even though the source…
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