According to CoinMeta, Strategy CEO Phong Le indicates that despite the recent severe sales and market losses for Bitcoin, the company remains confident in its long-term Bitcoin strategy. He pointed out that the current market is going through another bear market for Bitcoin and believes that the company will perform even better in the next bull market. Le believes that Bitcoin's recent weakness is mainly due to macroeconomic conditions, rather than issues with the asset itself. Strategy recently sold 1,638 BTC, worth approximately $104.7 million, and at the same time repurchased 912,143 shares of STRC preferred stock, worth about $81.2 million. Despite these sales, Le insists that the company is still fully committed to Bitcoin and currently holds more than 843,000 BTC, worth about $58 billion, making it the world's largest institutional Bitcoin holder.