Strategy Sells More Bitcoin as BlackRock Rolls Out Tokenized Funds

Bitcoin's price has stabilized above $64,000 after rising about 1% to $64,064.1 on Tuesday.

The world's largest cryptocurrency remains rangebound amidst mixed signals on U.S.-Iran negotiations and weak corporate earnings.

Strategy Inc disclosed it sold 1,683 Bitcoin for approximately $104.7 million last week, bringing its holdings down to 842,138 coins as of Tuesday.

The sales were announced just days after Strategy released a significant loss in its second-quarter earnings, primarily due to unrealized losses on its Bitcoin holdings.

BlackRock introduced tokenized fund access in Europe, issuing on-chain share classes on the Ethereum blockchain in partnership with Kinexys, JPMorgan's blockchain unit.