BUSINESSJun 1 · 13:50 UTCBITCOIN MAGAZINEMicah Zimmerman

Strategy (MSTR) Sells Bitcoin for First Time in Years as Bitcoin Price Tumbles

Strategy (MSTR) sold 32 BTC for $2.5 million to fund preferred stock distributions, triggering a Bitcoin price drop below $72,000 and $93 million in crypto futures liquidations. The company holds 843,706 BTC with an implied paper loss of $2.9 billion.

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StrategyorganizationMichael SaylorpersonBitcointopicSTRCtopicBitcoin Magazineorganization8-K filingtopic

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