via CryptoSlate · By CryptoSlate Editorial
Strategy sold 32 BTC to pay dividends – But the real risk is what happens if it has to sell more Bitcoin
BTC/USDT
$22,357,621,068.17
$64,700.00 / $61,888.00
Change: $2,812.00 (4.54%)
+0.0059%
Longs pay
Bitcoin price has hit $70,000 after Strategy, the world's largest publicly traded corporate holder of the top crypto, sold a portion of its BTC treasury for the first time since 2022.
Data from CryptoSlate showed that BTC's price dropped 4% on the news to as low as $69,690 before recovering to $70,120 as of press time. This is its lowest price level in six weeks.
This price movement came as…
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.
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on Google