Strategy Wanted to ‘Inoculate’ the Bitcoin Market—Has Its BTC Sale Backfired? – Decrypt
In brief Strategy’s decision to retire $1.5 billion in debt and purchase 24,869 BTC drained its corporate cash reserves right before a monthly dividend payout. The Bitcoin treasury firm’s $ 2.5 million BTC sale reversed its “never sell” narrative, triggering structural depegging fears and $1.76 billion in crypto liquidations. While critics label the timing a...
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