Disclosure: The author of this story owns shares in Strategy (MSTR). Strategy (MSTR) Executive Chairman Michael Saylor appeared to underscore the company’s focus on its perpetual preferred stock, making STRC the focus of his first public comment after the largest publicly traded holder of bitcoin sold the cryptocurrency to fund dividend payments on the instrument.
Bitcoin ($BTC) price is sitting on a knife’s edge near $73,300 after a bearish pattern broke down on May 28, opening a path toward a roughly 10% slide. Yet the breakdown has stalled. On-chain holders and a quiet derivatives market are quietly defending the line. And one technical level is the only thing standing between
For years, Strategy (MSTR) Executive Chairman Michael Saylor insisted he would never sell bitcoin . Yet on Monday, the largest company disclosed that it sold 32 bitcoin last week, its first sale in four years. The announcement prompted questions about whether one of bitcoin’s most prominent corporate advocates was changing course. Most analysts don’t think
The institutional bull Strategy, known for its regular weekly Bitcoin ($BTC) purchases, did what was feared and made its first Bitcoin sale. This caused a decline in Bitcoin, with the price falling below $72,000. Related News JUST IN! Finally, It Happened: Strategy Made Its First Bitcoin ($BTC) Sale! Price Dropped! -Here’s the Amount of $BTC
Strategy’s (formerly MicroStrategy) first publicized bitcoin sale has triggered a $15 million resolution dispute on Polymarket. While the sale was announced in a June 1 filing, the actual disposition occurred in late May. Bettors are now split on whether sales executed between May 26 and May 31 should count for the prediction market’s May 31
The end of May 2026 brought a dangerous anomaly to financial markets as the U.S. S&P 500 index stormed to historical highs while the cryptocurrency sector rapidly lost ground. This price gap forced Bloomberg Intelligence senior commodity strategist Mike McGlone to register a hard technical sell signal. In his outlook, the industry has launched a
Bitcoin has entered a bearish channel after slipping below key support levels as ETF outflows, rising oil prices, and renewed geopolitical uncertainty weighed on market sentiment. According to crypto.news data, Bitcoin ($BTC) traded near $72,700 at press time after briefly falling toward the $72,600 region during early Monday trading. It remains down nearly 1.5% in
Strategy (MSTR) sold 32 bitcoin between May 26 and May 31 at an average net price of $77,135 a coin, totaling $2.5 million, the company disclosed in an 8-K filing on Monday. The disposal is Strategy’s first disclosed bitcoin sale and the proceeds are earmarked to fund distributions on its preferred stock, according to a
MicroStrategy (Strategy), an institutional bull company known for its regular weekly Bitcoin ($BTC) purchases, has now sold $BTC. Strategy, which has made numerous statements in recent weeks regarding a possible Bitcoin sale, has for the first time broken its “we will never sell Bitcoin” strategy, which it has stated repeatedly since 2020. According to the
Bitcoin and software stocks moved almost in lockstep for much of the past five years, with BTC treated as a high-beta technology asset. The iShares Expanded Tech-Software Sector ETF (IGV) served as one of the best proxies for the software sector. That relationship, however, appears to have broken down. Since May 14, bitcoin and IGV