Bitcoin Falls Below $62,000 After Strategy Sells BTC to Fund Dividend Payment
Bitcoin fell below $62,000 after Strategy sold 3,588 BTC worth about $216 million to help fund a dividend payment.
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Bitcoin fell below $62,000 after Strategy sold 3,588 BTC worth about $216 million to help fund a dividend payment.
Strategy shares fell to a 23-month low as the company’s unrealized Bitcoin losses climbed to approximately $11.2 billion.
The cryptocurrency market lost roughly $200 billion in value over 24 hours as Bitcoin fell below $62,000, triggering the largest wave of leveraged liquidations since January.
MicroStrategy sold 32 Bitcoin for roughly $2.5 million, marking its first known BTC sale in years.
Strategy bought 13,627 Bitcoin in early January as Michael Saylor and Binance founder CZ reaffirm confidence in crypto.
Michael Saylor says Bitcoin could grow about 30% annually for the next 20 years, positioning it as a long-term, high-conviction digital asset.
Binance founder CZ and Michael Saylor met for the first time, uniting two major voices shaping the crypto industry’s future.
Tom Lee says MicroStrategy could rival global giants like Exxon if Bitcoin ever reaches $1 million.
MicroStrategy’s CEO asserts the company can continue its Bitcoin strategy even if the price drops 80% to 90%.
Strategy buys 487 Bitcoin for $49.9 million, raising total holdings to 641,692 BTC and reaffirming its leading corporate position.