Strategy Sells $216M in Bitcoin Amid Shift From Buy-and-Hold Strategy
Strategy (MSTR) sold 3,588 Bitcoin worth approximately $216 million to fund preferred stock dividends, marking a departure from its long-standing buy-and-hold strategy. The move caused MSTR's stock price to fall roughly 6% as investors questioned the company’s commitment to accumulating Bitcoin.
Tickers: $MSTR
Topics: Bitcoin preferred stock dividends stock price movement treasury strategy