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"Working Better": Saylor Teases BTC Buy After Strategy Sells For First Time Since 2022
"Working Better": Saylor Teases BTC Buy After Strategy Sells For First Time Since 2022
Bitcoin is extending its recent weakness overnight (hurt by US-Iran tensions escalating again), trading back below its 100DMA after Strategy (MSTR) sold 32 bitcoin between May 26 and May 31 at an average net price of $77,135 a coin, totaling $2.5 million (disclosed in an 8-K filing on Monday).
Proceeds from the bitcoin sales are expected to be used to fund distributions on preferred stock, the firm said.
This is the first time Strategy has sold bitcoin since December 2022,...
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