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.
Major corporate crypto holders are facing multibillion-dollar paper losses as Bitcoin and Ether prices decline.
Strategy shares drop 12%, erasing $5 billion in value as Bitcoin losses and liquidations weigh on sentiment.
Strategy added 22,305 bitcoins for $2.13 billion, deepening its position as the largest corporate holder of BTC.
Strategy bought 13,627 Bitcoin in early January as Michael Saylor and Binance founder CZ reaffirm confidence in crypto.
Strategy adds 1,229 Bitcoin for $108.8 million, bringing total holdings to 672,497 BTC after funding the purchase via an equity ATM sale.
Strategy purchased more than 10,600 Bitcoin worth $980 million in just one week, strengthening its position as a leading corporate BTC holder.
Strategy buys 487 Bitcoin for $49.9 million, raising total holdings to 641,692 BTC and reaffirming its leading corporate position.
Strategy issues €350 million in preferred stock with 10% dividends to fund further Bitcoin acquisitions.