Bitcoin News Today: Strategy Dumps 1,638 BTC Below Cost Basis
Bitcoin News Today: Strategy Dumps 1,638 BTC Below Cost Basis
Strategy announced in late June that it may sell up to $1.25Bn in Bitcoin to build its cash reserves and avoid issuing more equity. The sales are described as a way to shore up cash and calm markets.
The key numbers to track going forward: how quickly that authorization is consumed, whether STRC repurchases continue, and whether the six-week pause on new BTC accumulation extends into a permanent shift in capital allocation priorities.
Using on-chain tools such as Arkham Intelligence, traders and analysts can trace the flow of these assets before official filings even reach the market.
This article has been published in yahoo.com via Yahoo News.
Bitcoin News Today: Strategy Dumps 1,638 BTC Below Cost Basis
In Bitcoin news today, Strategy (MSTR) has sold 1,638 BTC for approximately $105M, according to a recent 8-K filing with the SEC, marking six consecutive weeks without a single Bitcoin purchase and continuing a clear pivot away from the firm’s historic accumulation strategy. The sale is notable...
finance.yahoo.com
