Key highlights: Strategy sold 3,588 BTC for almost $216 million between June 29 and July 5 The company now holds 843,775 Bitcoin worth billions of dollars Proceeds will be used to fund preferred stock dividends and rebuild cash reserves Michael Saylor’s Strategy has made yet another Bitcoin sale, unloading thousands of coins in a single […]
Tag: MSTR
Key highlights: JPMorgan says that Strategy’s Bitcoin sales could be detrimental to the crypto market Analysts added that bigger cash reserves could stop the need for more BTC sales The firm owns about 4.2% of Bitcoin’s total supply, making its actions highly influential JPMorgan experts have issued their latest warning concerning the crypto market. Strategy […]
Key highlights: TD Cowen lowered its price target on Strategy (MSTR) from $400 to $260 The investment bank maintained its buy rating on the stock Analysts said the cut reflects a lower Bitcoin forecast rather than concerns about Strategy’s new capital framework Strategy (MSTR), the world’s largest corporate holder of Bitcoin, is facing a more […]