MicroStrategy has completed a strategy that involved selling some of its bitcoin holdings and issuing more shares. The company offloaded 1,690 bitcoin in the process, reducing its total holdings to 840,447 BTC. This move was likely motivated by the need for cash, as the sale of MSTR shares raised $653 million for the firm.
Source
"MicroStrategy Sells Bitcoin Holdings, Raises $653 Million" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
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