via CryptoSlate · By CryptoSlate Editorial
Bitcoin traders blamed Saylor’s 32 BTC sale but larger selling pressure built elsewhere
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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…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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