BREAKING: Strategy Announces Major Bitcoin Sale – What’s Going On?
Strategy has recorded a notable decrease in its Bitcoin holdings. According to the latest data on the company’s website, its total Bitcoin holdings decreased by 3,588 BTC, falling to 843,775 BTC.
The approximate monetary value of this decrease is estimated at $225.61 million. While previous data showed the company’s Bitcoin holdings at 847,363 BTC, the current figure has dropped to 843,775 BTC.
The company sold 1,363 BTC for $80.8 million on June 29-30, and another 2,225 BTC for $135.2 million on July 1-5.
Strategy’s dollar reserve balance stood at $2.55 billion as of July 5, while the company’s second-quarter financial statement showed an unrealized loss of $8.31 billion.
Related News: Big Bull Strategy CEO Michael Saylor Released His Anticipated Bitcoin Statement
This change comes at a time when expectations of a new buy announcement were building in the market following Michael Saylor’s recent post. However, the website update revealed that Strategy’s Bitcoin holdings experienced a decrease rather than an increase.
Following the news of the sale, the BTC price experienced a sudden drop:
The chart shows the reactive drop in the BTC price.
*This is not investment advice.
Continue Reading: BREAKING: Strategy Announces Major Bitcoin Sale – What’s Going On?
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