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via Cointelegraph · By Cointelegraph Staff

Saylor Says Bitcoin Sales Are Necessary for Strategy’s Digital Credit Business

BTC

BTC/USDT

$65,846.00

+2.47%

$65,846.00

+2.47%

(24s)

24h Volume

$14,508,688,399.86

24h H/L

$65,995.00 / $63,678.83

Change: $2,316.17 (3.64%)

Long/Short

59.1%

Long: 59.1%Short: 40.9%

Funding Rate

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Longs pay

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Bitcoin

Daily

$65,872.47

▲ 0.19%

Volume (24h): -

Resistance Levels

Resistance 3$71,025.16

Resistance 2$68,137.57

Resistance 1$65,896.82

Price$65,872.47

Support 1$64,786.80

Support 2$61,834.89

Support 3$59,130.91

Pivot (PP):$65,740.49

Trend:Downtrend

RSI (14):42.1

Cointelegraph Staff

(01:58 PM UTC)

1 min read

Approved byJames Mitchell

1164 views

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Michael Saylor, executive chairman of Strategy, defended the company's recent Bitcoin sale, saying the ability to sell the asset is necessary to continue issuing "digital credit."

Strategy disclosed its first reported Bitcoin sale since 2022 in a June 1 filing with the US Securities and Exchange Commission, offloading 32 BTC in a move that appeared at odds with Saylor's long-running "never sell…

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Cointelegraph Staff · Cointelegraph

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