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via Decrypt · By Decrypt Editorial
Strategy Wanted to 'Inoculate' the Bitcoin Market—Has Its BTC Sale Backfired?
BTC
BTC/USDT
$64,869.25
+0.88%
$64,869.25
+0.88%
(24s)24h Volume
$18,046,655,577.88
24h H/L
$65,043.94 / $63,267.34
Change: $1,776.60 (2.81%)
Long/Short
58.6%
Long: 58.6%Short: 41.4%
Funding Rate
+0.0065%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(04:35 PM UTC)
1 min read
In brief
- Strategy’s decision to retire $1.5 billion in debt and purchase 24,869 BTC drained its corporate cash reserves right before a monthly dividend payout.
- The Bitcoin treasury firm’s $ 2.5 million BTC sale reversed its “never sell” narrative, triggering structural depegging fears and $1.76 billion in crypto liquidations.
- While critics label the timing a tactical blunder, some analysts argue…
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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