Fong Lee, CEO of Strategy, gave a long interview to Fox Business. The head explained the logic of the recent bitcoin sales and the current pause in purchases. The presenter noted the sale of bitcoins for the second week in a row and the absence of purchases for seven weeks. The pause in purchases is completely unrelated to the current price of the first cryptocurrency. The company acquired one hundred seventy-five thousand coins during this year. The organization also sold seven thousand bitcoins. The company's dollar reserve has steadily grown from eight hundred million to four point seventy-five billion dollars. This area has become the main focus of the management's work in recent weeks. Over time, the company will definitely return to active purchases of the first cryptocurrency. The decision is made for the maximum benefit of all current shareholders of a public company. The head makes important decisions together with the founder of the company, Michael Saylor. The partners communicate several times a day and consult with the financial team.

The price of bitcoin has fallen by about half from the October high of one hundred and twenty-six thousand. The current value of the first cryptocurrency is around sixty-four thousand dollars. Fong Lee described the current situation as a typical eight-month bearish cycle. The head cited the recession period in 2000 for comparison. Then the negative trend lasted for about eight or twelve months in the market. The presenter asked about investors with stocks above four hundred dollars last year. These securities are now trading noticeably below the hundred dollar mark. The head noted the availability of a multi-year reserve of funds to cover current dividends. There are fifty-five billion dollars worth of bitcoins on the corporate balance sheet. These facts do not indicate the existence of financial difficulties of the company at all. Since the first purchases in August 2000, bitcoin has grown. The first cryptocurrency gained thirty-three percent, while the shares rose by forty-two.

The head also commented in detail on the prospects for the adoption of the important CLARITY Act. Fong Lee expressed cautious optimism about the bill's future. A vote in the U.S. Senate is likely to take place in mid-September this year. Legal certainty on the part of the government will be an extremely positive signal for the market. The Congress should also make an important contribution to the development of relevant legislation. The head separately noted the high-quality regulatory initiatives from the SEC commission. These steps will contribute to the overall regulatory clarity around the first cryptocurrency. Public companies gain more confidence if they have clear operating rules. Institutional investors are waiting for the final approval of uniform standards for working with digital assets. The market is gradually adapting to the new regulatory environment in the United States. Strategy co-founder Michael Saylor also previously commented on the new bitcoin sale. Large corporate holders continue to actively manage their reserves of the first cryptocurrency.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.