Strategy Sells 7,000 Bitcoin Near $60K Amid Balance Sheet Strengthening

Strategy, an investment firm, recently sold approximately 7,000 Bitcoin (BTC) near $60,000 to fund preferred dividends. This move was a strategic decision aimed at strengthening its balance sheet.

The sale reduced Strategy's net debt from $7 billion to zero and increased its dollar reserves to $7 billion.

Interestingly, the company views accumulation as a long-term plan, with potential purchases up to $130,000.

Strategy also opposed MSCI's proposal to exclude firms with non-operating assets like Bitcoin from stock indexes, arguing for consistent asset treatment.