Why Did Strategy Sell Bitcoin?
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The post Why Did Strategy Sell Bitcoin? appeared first on Coinpedia Fintech News
Strategy sold 32 BTC (about $2.5 million) primarily to fund preferred stock dividend payments and manage treasury operations, not because it is abandoning its Bitcoin strategy. The sale represents just 0.004% of its 843,706 BTC holdings and is the company’s first Bitcoin sale since its 2022 tax-loss transaction. Strategy simultaneously raised $128.3 million through share …
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