MicroStrategy Tests Market Liquidity with Strategic Bitcoin Sale
MicroStrategy's founder Michael Saylor recently revealed that the company deliberately sold Bitcoin to test market liquidity and break negative sentiment.
The move was made to eliminate the fear that 'Bitcoin would collapse if MicroStrategy sells,' according to Saylor, who emphasized that it was a calculated decision rather than a sign of weakness.
The sale occurred when the price of BTC was between $59,000 and $60,000, but instead of driving the price down, it rose. This demonstrated the market's resilience against massive institutional sales.