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.
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%.