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The Economic Times
The Economic Times
Shreya Biswas

Is Michael Saylor’s Strategy changing its Bitcoin playbook? MSTR sells $2.5 million of BTC for the first time since 2022 - here's why

Michael Saylor's Strategy Bitcoin (BTC USD) sale : Strategy, the largest publicly traded corporate holder of Bitcoin, sold 32 Bitcoin for about $2.5 million last week, its first recorded sale since the crypto downturn in late 2022, as per a report.

According to a regulatory filing, the proceeds are intended to help fund distributions on the company’s preferred stock. The move comes at a time when both crypto markets and investor sentiment are showing noticeable shifts.

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