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Saylor’s Strategy Sells More Bitcoin: Is Another BTC Crash Coming?


Saylor’s Strategy Sells More Bitcoin: Is Another BTC Crash Coming?

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Strategy completed its second BTC sale in just over a month, disposing of 3,588 BTC for $216 million to fund dividends on its Digital Credit securities. The firm's BTC holdings fell to 843,775 BTC and its USD reserve remains $2.55 billion, a use of crypto treasury assets for fundraising and dividends that could exert selling pressure on BTC markets.

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Strategy has completed its second BTC sale in just over a month, announced the firm’s co-founder and former CEO, Michael Saylor.

The company has disposed of 3,588 BTC for $216 million to fund dividends on its Digital Credit securities. Its total holdings have dropped to 843,775 BTC, while its USD reserve remains at $2.55 billion.

Read the article at CryptoPotato

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In This News

Coins

$ 64.32K

+0.49%

$ 0.00186


Funds

Predictions Markets

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View analytics →
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