Key Takeaways:
- It was the first Bitcoin sale since 2022 as Strategy sold 32 BTC for $2.5 million.
- Distribution of proceeds to be used on the company’s preferred stock.
- Following the sale, Strategy is still the largest firm Bitcoin holder with 843,706 BTC.
Strategy has revealed its first Bitcoin sale since the end of 2022, after years of maintaining a strong strategy of accumulation. The shift follows the company’s inability to pay dividends on its expanding offering of preferred stock products.
Strategy Reports First BTC Sale in Nearly Four Years
The U.S. Securities and Exchange Commission’s Form 8-K filing reveals that Strategy sold off 32 BTC between May 26 and 31, making off a b...
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