MicroStrategy Sells Bitcoin Holdings for First Time in Years
MicroStrategy (MSTR) sold 32 bitcoins between May 26 and June 1, raising $2.5 million at an average price of $77,135 per bitcoin. This marks the first sale since acquiring a large bitcoin treasury years ago, impacting its stock negatively as shares fell around 4%. Bitcoin prices also declined in response.
Tickers: $MSTR
Topics: asset sales bitcoin MicroStrategy stock price movement