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.
Major corporate crypto holders are facing multibillion-dollar paper losses as Bitcoin and Ether prices decline.
MicroStrategy sold 32 Bitcoin for roughly $2.5 million, marking its first known BTC sale in years.
The crypto market extended its sharp decline as Strategy added more bitcoin despite mounting losses, while forced liquidations accelerated across exchanges. Bitcoin’s drop below $70,000 triggered heavy unrealized losses and dragged crypto-linked stocks sharply lower.
Michael Saylor says Bitcoin could grow about 30% annually for the next 20 years, positioning it as a long-term, high-conviction digital asset.
MicroStrategy added 10,624 BTC for $962.7 million, continuing its aggressive accumulation at an average price of $90,615.
Binance founder CZ and Michael Saylor met for the first time, uniting two major voices shaping the crypto industry’s future.
MicroStrategy shares bounced back after a 7% decline on Monday, supported by renewed bullish sentiment in the broader Bitcoin market.
Tom Lee says MicroStrategy could rival global giants like Exxon if Bitcoin ever reaches $1 million.
MicroStrategy’s stock slides 40% in a month as a further 15% Bitcoin drop could push its massive holdings into loss.
MicroStrategy’s CEO asserts the company can continue its Bitcoin strategy even if the price drops 80% to 90%.
Bitcoin briefly fell below $90,000 amid more than $1 billion in liquidations, even as MicroStrategy and El Salvador ramped up purchases. Forecasts for long-term BTC gains remain sharply divided.