Bitcoin Falls Below $72,000 After Strategy Reports First BTC Sale In Years
Bitcoin has slipped below $72,000, triggering fresh concerns across the market after Strategy reported its first BTC sale in years. The development quickly attracted attention across the crypto market, as the company led by Michael Saylor has long been viewed as one of BTC’s most committed corporate holders. Strategy’s Massive Bitcoin Stockpile Continues To Dominate Headlines Bitcoin has dropped below the $72,000 level after confirmation that Michael Saylor’s Strategy has executed its first BTC sale in over three and a half years. An analyst known as Bull Theory on X highlighted....
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Bitcoin treasury company Strategy has made its first BTC sale since 2022, putting an end to a 3.5-year phase of only accumulation. Strategy Just Sold Bitcoin Worth $2.5 Million According to an 8-K filing with the US Securities and Exchange Commission (SEC), Strategy just made a Bitcoin sale. The amount involved in the transaction was […]
Strategy sold a small portion of its Bitcoin holdings last week, marking the company’s first disclosed BTC sale since its December 2022 tax-loss harvesting transaction. The sale is notable less for its size than for what it signals: Strategy is now willing to use a sliver of its Bitcoin stack to service the preferred equity structure it has built around its balance sheet. According to a Form 8-K filed with the US Securities and Exchange Commission, Strategy sold 32 BTC between May 26 and May 31 for roughly $2.5 million. The average sale price was $77,135 per bitcoin, net of fees and....
According to a report from Arthur Falls, Ethereum venture production studio ConsenSys will face a billion-dollar audit. A majority of the company’s shareholders, Falls said, asked for this measure to investigate alleged irregularities at the company. Related Reading | How This Ethereum Mining Bypass For Nvidia GPUs Came On Sale To be conducted under the […]
PRESS RELEASE. The authentic strategy blockchain game, PROJECT XENO, will host an NFT sale in collaboration with the most popular YouTuber with over 4.86 million followers (as of October 24), Hikaru, from November 23, 2022 to November 30, 2022. Hikaru Collaboration NFT Sale Website: https://project-xeno.com/feature/hikaru-sale Here is a walk through for those who are new to this NFT sale: https://project-xeno.com/feature/begginers-guide In honor of the Hikaru Collaboration NFT Sale, the team will run a campaign giving away a ‘Free Raffle Ticket’ that can be redeemed for a free....
Sitting on paper losses exceeding $14 billion, Michael Saylor’s Strategy didn’t slow down last week. The company spent roughly $1 billion buying more Bitcoin — its latest move in a relentless accumulation run that has now brought its total stash to 780,897 BTC. Related Reading: TRUMP Buying Frenzy Builds Ahead Of Mar-A-Lago Power Event A Purchase Funded By Preferred Shares That $1 billion didn’t come from operating cash. Strategy raised the money by selling 10 million shares of STRC, its perpetual preferred equity. Data shows the sale generated about $1 billion in net....