Strategy Abandons 'Never Sell' Mantra for BTC Holdings Amid Declining Yields

Strategy's Bitcoin accumulation engine has stalled and is now in reverse after six consecutive weeks without buying. The company, which had a 'never sell' mantra for its BTC holdings, has abandoned this approach to cover dividend obligations.

According to the source, Strategy offloaded 5,226 BTC at a loss, citing negative yields on its stock and a price drop of 76% from its high. This decision marks a significant shift in the company's strategy, which had been focused on long-term HODLing.

The move has sparked questions about whether this is the beginning of the end for Strategy's corporate Bitcoin bet or just a temporary pause. The company's stock performance and dividend obligations are likely factors in its decision-making process.