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via CryptoSlate · By CryptoSlate Editorial

Bitcoin traders blamed Saylor’s 32 BTC sale but larger selling pressure built elsewhere

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CryptoSlate Editorial

(03:55 PM UTC)

1 min read

Approved byMichael Roberts

0 comments

Bitcoin traders have identified Michael Saylor as a new suspect in the latest sell-off, while the numbers tell a different story.

Strategy disclosed in a June 1 Form 8-K that it sold just 32 BTC between May 26 and May 31 for $2.5 million, at an average net price of $77,135, with proceeds earmarked to fund preferred-stock distributions.

The company still held 843,706 BTC as of May 31, with that sale…

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CryptoSlate Editorial · CryptoSlate

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