Michael Saylor's strategy sells Bitcoin
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Bitcoin rebounded back above its intra-day high following a negative response to Strategy’s latest BTC sale. Are bulls slowly building momentum?
The company just proved it will monetize BTC to fund preferred obligations, and the new framework formalizes “two-way risk” (it can be a buyer and seller). That turns BTC volatility into equity volatility and caps upside when BTC dips,
The Bitcoin treasury giant sold $216 million worth of Bitcoin to cover preferred payouts, as an $8.3 billion quarterly loss piled up.
Strategy sold 3,588 Bitcoin to fund dividends and replenish its US dollar reserve, while Bernstein said the company remains unlikely to become a forced seller.
Strategy bought 1,031 bitcoin for $76.6 million between March 16 and March 22, according to a regulatory filing. Strategy made a smaller-scale bitcoin purchase last week, adding to a balance sheet that has grown into one of the largest corporate holdings ...
Ripple CEO Garlinghouse called Saylor's Bitcoin model a 'damning indictment,' with STRC trading 26% below par.
Strategy’s stock dropped Monday after the company disclosed a rare bitcoin sale, rattling investors who have long treated the company as a one-way bet on the cryptocurrency. While Strategy sold a relatively small number of bitcoins, the first sale by the ...
Bitcoin took a hit after Strategy disclosed that it sold bitcoin for the first time in nearly four years. Granted, the company only sold 32 bitcoin to raise $2.5 million, but it's that act is certainly significant. Bitcoin was down 2% at around 72,138 in ...
