MicroStrategy (Strategy), an institutional bull company known for its regular weekly Bitcoin (BTC) purchases, has now sold BTC.
Strategy, which has made numerous statements in recent weeks regarding a possible Bitcoin sale, has for the first time broken its “we will never sell Bitcoin” strategy, which it has stated repeatedly since 2020.
According to the latest data, Strategy has made its first Bitcoin sale, selling a total of 32 BTC at a price of $77,135.
According to Unfolded, Strategy earned approximately $2.5 million from this sale.
This was the company’s first known sale since adopting Bitcoin as a base asset in its purchasing strategy.
Although this sale by the company, which holds over 850,000 Bitcoins, was a small move, it raised questions in the market. There are fears that the company may sell more and larger amounts of BTC.
Following the news of the sale, the price of Bitcoin fell to around $72,100.
This news will be updated as more details become available.
*This is not investment advice.
