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Strategy CEO Phong Le Says Firm Will Use Bitcoin (BTC) to Develop Products

Executive Chairman Michael Saylor said Strategy’s balance sheet might support up to $30 billion in digital-credit financing.

Updated 1 min read
Office workers enter a glass corporate headquarters in Tysons Corner, Virginia. / TokenPost.ai (macro)
Office workers enter a glass corporate headquarters in Tysons Corner, Virginia. / TokenPost.ai (macro)

Le said Strategy plans to use its Bitcoin holdings to develop products he expects could serve eight billion people.

“We will use that BTC to create and engineer financial products,” Le said. Le said Strategy expected to retain its position as the largest corporate Bitcoin holder.

Le has previously said Strategy’s daily dividend schedule would help expand its Bitcoin holdings while supporting its digital-credit and equity products.

Le has previously described issuing digital credit as Strategy’s primary route to increasing its Bitcoin reserves. On the third-quarter earnings call, Saylor said Strategy’s balance sheet might support up to $30 billion in digital-credit financing. EconoTimes previously covered the estimate in its report on Strategy’s digital-credit plans.

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