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Bitcoin price falls up to 4% on Strategy BTC sale as trader sees Summer 2022 repeat
Bitcoin (BTC) saw flash volatility into Monday’s Wall Street open as markets reacted to tech company Strategy’s new BTC sales. Data from TradingView showed BTC/USD dropping to near $61,000, sparking daily losses of more than 4%. A rebound at the start of the US session pushed the price higher before settling around the $62,000 mark at the time of writing. Strategy revealed that it sold 3,588 BTC through July 5 to fund preferred stock dividend payments and replenish cash reserves. Commenting on the latest BTC price moves, X commentator Exitpump suggested that the Strategy news was the catalyst for an already ... (full story)
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From tradersunion.com | 6 hr ago
Strategy is using a newly outlined capital framework to sell part of its Bitcoin holdings while continuing to support payments on its preferred stock. The company says the latest sale raises $216 million, leaves its U.S. dollar reserve at $2.55 billion and reduces its total Bitcoin holdings to 843,775. As reported by Cointelegraph, citing a Monday 8-K ...
STRATEGY BTC HOLDINGS DECREASES BY 3,588 BTC (~$225.606M) TO 843,775 BTC: WEBSITE Strategy sold $80.8 millions BTC during June 29 to June 30. Strategy had $8.32b loss on digital assets for 2Q
From finance.yahoo.com | 2 hr 9 min ago
Bitcoin has had a dismal year, but its underperformance has been less severe than in previous crypto winters, Bernstein analysts pointed out. In part, that's thanks to digital asset treasury company Strategy (MSTR), which "continues to be a net buyer in the market," analyst Gautam Chhugani wrote in a note on Monday. The token traded near $62,000, down ...
