via BeInCrypto · By BeInCrypto Editorial
STRC Falls Below $97 as Latest Bitcoin Sale Challenges MicroStrategy’s Capital Turbine
BTC/USDT
$18,551,635,143.55
$60,583.00 / $58,500.10
Change: $2,082.90 (3.56%)
+0.0018%
Longs pay
MicroStrategy sold 32 Bitcoin (BTC) between May 26 and May 31 to help fund dividends on its preferred stock, its first such sale since 2022. Now, its STRC shares are trading below their $100 par value.
The sale was small next to the 843,706 BTC the company holds. Still, it raised a sharper question for investors. Can MicroStrategy keep buying Bitcoin if the engine behind those purchases stalls?
Why…
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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