via Cointelegraph · By Cointelegraph Staff
Crypto Biz: Strategy’s Bitcoin Sale Shakes Treasury Trade Assumptions
BTC/USDT
$8,850,152,310.71
$63,461.99 / $62,436.59
Change: $1,025.40 (1.64%)
+0.0033%
Longs pay
Strategy’s sale of 32 Bitcoin shouldn’t have mattered. The company still holds hundreds of thousands of BTC, and the transaction barely moved the needle on its balance sheet. Yet the market reaction was swift, exposing how much of the Bitcoin treasury trade had been built on a simple assumption: companies buy Bitcoin… and they never sell it.
Elsewhere in crypto this week, JPMorgan CEO Jamie Dimon…
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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