Strategy’s Latest Bitcoin Sale Raises Concerns Over BTC Price Drop

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Saylor hinted at another BTC move yesterday on X. However, it wasn't what many anticipated.

Strategy has completed its second BTC sale in just over a month, announced the firm’s co-founder and former CEO, Michael Saylor.

The company has disposed of 3,588 BTC for $216 million to fund dividends on its Digital Credit securities. Its total holdings have dropped to 843,775 BTC, while its USD reserve remains at $2.55 billion.

Recall that the NASDAQ-listed BTC accumulator announced in late May that it had sold a minor portion of its crypto fortune (32 units) to support preferred stock distributions.

Although the actual sale was quite negligible, the magnitude was felt for weeks. Bitcoin’s price nosedived in the week after the move became public, and kept plunging during June to under $58,000 at the end of it.

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