Strategy CEO Phong Le clarified that the company's recent sale of 32 Bitcoin was intended to test the market's 'immunity' and demonstrate operational flexibility, rather than signaling a shift in ideology. Speaking to CNBC, Le explained that the sale, conducted between May 26 and 31, aimed to prove the company's ability to execute sales if necessary, confirm the functionality of internal systems, and leverage tax losses through different cost bases. Le emphasized that the sale was not driven by financial pressure, asserting that the company could meet its preferred stock dividend through other financing means. He addressed investor skepticism about the company's 'never sell' stance, stating that sales would occur when beneficial for shareholders. Despite criticism from retail investors and 'crypto anarchists,' institutional shareholders remained calm. Le also highlighted macroeconomic pressures on Bitcoin, including Federal Reserve interest rate uncertainty, global conflicts, and unclear regulatory legislation, but expressed optimism about Bitcoin's long-term role as an inflation hedge.