Strategy Sells 3,588 BTC as Analysts Focus on Future Bitcoin Sales

Strategy sold 3,588 BTC for approximately $216 million last week, marking only the third bitcoin sale in the company's history. The sale reduced Strategy's holdings to 843,775 BTC, worth around $52.3 billion at the time of the announcement. CF Benchmarks Head of Research Gabe Selby warned that recurring bitcoin sales could become a concern. VanEck Head of Digital Asset Research Matthew Sigel said Strategy has more bitcoin selling capacity than the $1.25 billion BTC Monetization Program suggests.
BTC0.09%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned