That's why their CEO said their Bitcoin decisions are based more on cost of capital and the company's balance sheet than on whether Bitcoin is $60k, $80k or $100k.
Of course, if you're looking at it strictly as a Bitcoin holder, it still looks like a bad deal: sell lower, buy higher, and you don't even buy back everything you sold, They sold 6,916 BTC and only bought 4,603 BTC back, so I wouldn't call it a brilliant Bitcoin trade, it's better understood as corporate financial management using Bitcoin as a treasury asset, and honestly, this is probably the interesting part of Strategy's model now: they are no longer saying Bitcoin can only go into the treasury, they are showing that, when necessary, Bitcoin can also come out of the treasury to solve a financial problem.
Source:
https://pluang.com/en/news-feed/strategi-ceo-phong-le-jual-bitcoin-60k-dan-beli-80k-keputusan-tepathttps://news.bitcoin.com/crypto-news/strategy-phong-le-sell-bitcoin-60k-buy-80k-math/If you calculate the average amount of their Bitcoin purchases, they did not face much loss, but they had to sell their Bitcoin holdings so urgently to pay the dividend on the shares. So they sold a little Bitcoin and later they focused on buying Bitcoin again. However, due to their consistency in buying Bitcoin every week, their Bitcoin investment was able to improve even more, the average price of their Bitcoin purchases
https://www.strategy.com/ledger was $75,412 per Bitcoin. However, they sold Bitcoin at a small loss, so they did not suffer much.
Rather, they will buy at a high price and hold it for the long term, in which case their plan is long-term and it is according to the rules and resolutions of their company. However, for ordinary investors like us, there is no need to explain how to buy at a high price and sell at a low price.
Look at the low average price of Bitcoins that they have been able to sell in the dumping market. However, the Bitcoins that they purchased at the beginning of their company were very cheap. Because of this, even after purchasing Bitcoins at the highest price of all time, their Bitcoin purchase price is still $75,412 per Bitcoin. This is the biggest proof of how much savings can be achieved by following the DCA method strategy.