Strategy sold 3,588 Bitcoin for about $216 million to fund dividends on its Digital Credit securities. The company said it held 843,775 Bitcoin and $2.55 billion in U.S. dollar reserves as of July 5, while reporting an $8.31 billion unrealized second-quarter loss on digital assets. Following the disclosure, Bitcoin fell below $62,000, and the source said more than $78 million in long positions were liquidated. Investors will watch for further Bitcoin sales under Strategy’s remaining $1.034 billion monetization program.
The post Bitcoin Price Falls Below $62,000 as Strategy Sells $216M in BTC appeared first on Coinpedia Fintech News Strategy sold 3,588 Bitcoin for about $216 millionThe post Bitcoin Price Falls Below $62,000 as Strategy Sells $216M in BTC appeared first on Coinpedia Fintech News Strategy sold 3,588 Bitcoin for about $216 million
Bitcoin Price Falls Below $62,000 as Strategy Sells $216M in BTC
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