Bitcoin24h $60,701.50-3.86%

Ethereum24h $1,591.66-9.51%

BNB24h $575.02-4.63%

XRP24h $1.11-4.80%

Solana24h $65.08-5.37%

TRON24h $0.3215-2.91%

Hyperliquid24h $57.64-13.03%

Dogecoin24h $0.0826-6.84%

UNUS SED LEO24h $9.75-1.58%

Stellar24h $0.1979-3.49%

Bitcoin plummets to $67K after Strategy sale

BTC fell 4.4% within 24 hours of Strategy disclosing its voluntary sale of 32 BTC. Two hours later, it fell another 2%.

Strategy’s USD reserve didn’t last long

Strategy diluted common stockholders to build a USD reserve for dividend and interest payments, then used the cash for something else.

The CEO of Strategy has made $37 million in total compensation over the past three years while buying less than $20,000 in STRC for his kids.

Strategy’s bitcoin acquisition strategy has cost over $1 billion and it has generated annual returns of just 1%.

A possible interplay of Strategy STRC issuances is creating an uptick in short-selling demand for MSTR.