Strategy, a significant holder of bitcoin, has sold $2 billion in shares of MicroStrategy (MSTR), the company behind the largest publicly traded bitcoin stash. This sale, which does not coincide with any bitcoin purchases, has seen Strategy allocate a $1.6 billion 'USD Cash' pool.
Source
"Strategy Sells $2 Billion in MSTR Shares, Builds USD Cash Pool" — The Block
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.
Strategy's total holdings account for approximately 4% of the 21 million bitcoin supply cap, valued at around $66 billion.
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