DEV Community

Cover image for 32 BTC Sale Cracks Strategy’s ‘Never Sell’ Bitcoin Myth
MLXIO
MLXIO

Posted on • Originally published at mlxio.com

32 BTC Sale Cracks Strategy’s ‘Never Sell’ Bitcoin Myth

Strategy sold 32 BTC to fund preferred dividends, breaking a years-long no-sale streak and testing its “never sell” identity.

Key takeaways

  • Strategy sold 32 BTC between May 26 and May 31 to fund preferred stock dividends, breaking its first net Bitcoin sale drought since December 2022.
  • The company formerly known as MicroStrategy generated about $2.5 million at an average price of roughly $77,135 per coin, according to CryptoBriefing. The ...
  • Strategy breaks its Bitcoin buying streak with first BTC sale since December 2022
  • The Michael Saylor-linked company remains the most visible public-company Bitcoin treasury vehicle, but the sale cuts against the “never sell” posture that helped ...

👉 Read the full breakdown on MLXIO

Canonical source: https://mlxio.com/crypto/strategy-bitcoin-sale

Top comments (0)