Bitcoin (BTC) fell 4.4% within 24 hours of Strategy (former…
Bitcoin (BTC) fell 4.4% within 24 hours of Strategy (formerly MicroStrategy) disclosing its voluntary sale of 32 BTC. Two hours later, it fell another 2%.
That sale, which reneged on multiple promises to never sell by Strategy leaders like founder Michael Saylor, preceded a decline from $72,500 per BTC at the time of the firm’s 8-K to $69,300 precisely 24 hours later.