Crypto
Strategy's $108.6M BTC Sale Boosts Reserve Amid Saylor's Bullish Stance
Strategy, led by Michael Saylor, has made significant moves in the Bitcoin market. The company recently sold 1,690 BTC for approximately $108.6 million at an average price of $64,262. This sale contributed to Strategy's USD reserve reaching $4.65 billion.
In a related development, Saylor stated that he has never sold a single satoshi from his personal holdings, contrasting with the company's decision to sell BTC.
Strategy is now tracking Bitcoin's 200-week moving average and the asset's premium to that level on its website. This move underscores a crucial support level for the cryptocurrency.