Strategy Sells Bitcoin Worth $216M in Largest Sale Ever

Michael Saylor’s recent Bitcoin sales are a worry for crypto investors

Is Saylor going to turn the current Bitcoin winter into the storm of the century for crypto?

SCIENCE & TECH: Michael Saylor’s recent Bitcoin sales are a worry for crypto investors

You can add another brick to the “wall of worry” facing the $2.27 trillion crypto market – and it has “Michael Saylor” written all over it. Saylor runs a company called Strategy, formerly known as MicroStrategy. It was a software company that under Saylor’s leadership has been transformed into what crypto types call a major “hoarder”  of Bitcoin. His strategy goes something like this: He sells company stock and preferred shares while purchasing …

Strategy Sells Bitcoin Worth $216M in Largest Sale Ever

Strategy Sells 3,588 Bitcoin for $216 Million to Fund Dividends, Marking Largest BTC Disposal in Company History Strategy sold 3,588 Bitcoin for approximately $216 million between June 29 and July 5, according to a Form 8-K filed with the SEC on Monday. The sale funded dividend payments on the company’s preferred stock instruments and replenished a portion of its cash reserve. It is the largest Bitcoin disposal in Strategy’s history and roughly …

Strategy (MSTR) stock gains as Standard Chartered backs $100K Bitcoin forecast

Strategy Inc. MSTR (formerly known as Microstrategy) gained on Friday after Standard Chartered said recent weakness in bitcoin reflects investor uncertainty over the company's evolving strategy rather than any deterioration in its balance sheet. In a note, Geoffrey Kendrick, Standard Chartered's global head of digital assets research, maintained the bank's end-2026 bitcoin price target of $100,000. He argued that Strategy's recent actions have c…

MicroStrategy’s Thesis Is Dead, and Saylor Knows It

MicroStrategy thesis inversion is the story now. Saylor sold Bitcoin to fund preferred dividends, turning a simple Bitcoin flywheel into financial engineering.The post MicroStrategy’s Thesis Is Dead, and Saylor Knows It appeared first on ECS: Elite CurrenSea.

Strategy or Binance: Who’s Sitting on More Unrealized Bitcoin Losses? CryptoQuant Weighs In

As the business intelligence and Bitcoin treasury company Strategy just carried out its largest BTC sale this week, analysts are comparing just how deeply the firm is underwater. CryptoQuant analyst Darkfost reviewed Strategy’s Bitcoin unrealized losses compared to those of the world’s largest crypto exchange, Binance, in their latest report. This is because both entities are major BTC holders, with hundreds of thousands of digital assets sittin…