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.

Important to note they made a profit on the bitcoins sold when you consider the average price they acquired their portfolio at.

At first, I also looked at this Strategy move and thought, “How would someone sell Bitcoin around $60k and come back to buy at $80k?”

At first, I also looked at this Strategy move and thought, “How would someone sell Bitcoin around $60k and come back to buy at $80k?”

I can see the financial strategy behind this but I still cant fully understand why they chose to do it this way. Bitcoin is a valuable long term asset so selling it at a lower price seems like a bad deal to me. I understand that they needed to manage their balance sheet and that they werent simply trading Bitcoin. But if you ask me, I would rather avoid selling something so valuable just to deal with a short term financial difficulty.

I understand that this strategy might make sense from a corporate or financial perspective but I am still not convinced that it was the best way to manage their financial situation. After all Bitcoin has a fixed supply and is a valuable asset. I am glad they bought back some of the coins again. I still believe that Bitcoin could really help them in the long term.

What we need to consider to determine whether the strategy is wrong or not is the price at which they accumulated their Bitcoin and the time they sold. If the price was higher than when they bought their Bitcoin, I would say that we can consider that as not a wrong strategy because they were already in profit.Coming down to when they rebought at a higher price than what they sold for, if there is a reason why they sold their Bitcoin, there is nothing wrong with that.

And looking at the post, I see that the company sold for a reason, and when the problem was solved, they came back to accumulate at a higher price than they sold for. They even haven't accumulated up to the number of Bitcoin they first accumulated. That is for now; if they have more funds, they will definitely continue to accumulate more Bitcoin.What people should understand is that we can't forever hold Bitcoin. Selling when we are in profit because we are facing some challenges and then trying to buy back at a higher price is not something I see as wrong.It is only when someone sells at lost and then buys back at a higher price that I see it as a very wrong idea and  I would say that doing that it because fear of losing.

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.

Sometimes, people think that way. They had a problem, and secondly too, they has an alternative option to solve the companies financial need, which was Bitcoin, and they did sell to solve the financial issues. At that point in time, Bitcoin came through for them, and it was great idea for them. It's there Bitcoin, and they decided how to use it. To me, it isn't a bad idea after all since they are still committed to buying and stacking Bitcoin as they can.

If you look at there buying point, you would notice that they are still all in for Bitcoin, been able to sell up to 6k+ and only rebought 4k+ and even in a higher amount. That means that they believe in the increasing power of Bitcoin and surely, if they have some coins, they would still reap it in the future. They are having Bitcoin and there business still running.

It is possible at the time they sold bitcoin they have made good profit from their hodling. Buying bitcoin at $80k is nothing bad , the reason to buy is to hodl Bitcoin. You cant question anyone why they sell their bitcoin and you csnt question why they are buying bitcoin at a given price. To you it might be a price that is high that you wont be willing to buy but it is a target for someone else to buy at any opportunity no matter the price. Strategy would sell his bitcoin if he thinks it is the right time for him, so you shouldn't be so concern about it.

It is possible at the time they sold bitcoin they have made good profit from their hodling. Buying bitcoin at $80k is nothing bad , the reason to buy is to hodl Bitcoin. You cant question anyone why they sell their bitcoin and you csnt question why they are buying bitcoin at a given price. To you it might be a price that is high that you wont be willing to buy but it is a target for someone else to buy at any opportunity no matter the price. Strategy would sell his bitcoin if he thinks it is the right time for him, so you shouldn't be so concern about it.