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Saylor's Strategy Shores Up Capital Structure With More Bitcoin, Stock Sales
['Tyler Durden']
ZeroHedge News
The latest filing from Strategy this morning shows that over past week, Strategy sold another 1,637 bitcoin, reducing its holdings to 842,138 BTC.
Whether the weekly sales amount to 1,000 bitcoin or 10,000 bitcoin is almost secondary if you ask me.
When I first wrote about this shift in early July, I argued that the significance wasn’t the 3,588 bitcoin Strategy had sold.
It was the more than 846,000 bitcoin investors now knew could eventually become a source of liquidity.
Selling bitcoin appears to have become part of its operating playbook.