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via BeInCrypto · By BeInCrypto Editorial
Experts Warn Bitcoin Has a MicroStrategy Problem as BTC and MSTR Stock Sink
BTC
BTC/USDT
$63,085.15
+0.12%
$63,085.15
+0.12%
(24s)24h Volume
$2,093,668,120.83
24h H/L
$63,175.00 / $62,968.45
Change: $206.55 (0.33%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0033%
Longs pay
Data provided by COINOTAG DATALive data
BE
BeInCrypto Editorial(09:06 PM UTC)
1 min read
Bitcoin (BTC) and MicroStrategy (MSTR) stock plunged on Tuesday after the company disclosed its first BTC sale in 41 months. The move reignited debate over how much the asset depends on one corporate buyer.
MicroStrategy disclosed in a Form 8-K that it sold 32 BTC for roughly $2.5 million. The sale ran from May 26 to May 31, with proceeds earmarked for preferred stock dividends.
A Tiny…
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