One month that shook the market: Saylor’s struggles over bitcoin strategy yields big losses
First, it was a tiny amount of bitcoin sales, then it was the purchase of several thousand BTC, and finally, today, the unloading of thousands of BTC. What’s happening at Strategy?
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Summary
- Strategy this morning announced the sale of 3,588 BTC just days after buying 3,657 BTC at far higher prices.
- Strategy’s sale of 32 bitcoin in late May sent crypto markets plunging, with BTC falling from nearly $74,000 to below $58,000 last week.
- The company booked an $8.32 billion loss on its bitcoin holdings in the second quarter.
