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Strategy dumps yet more Bitcoin, latest $109 million sell-off comes amid a seven-week buying hiatus
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Yahoo Finance
The sale comes seven weeks after Strategy made its last purchase, according to the company's catalog of crypto transactions.
After the announcement, Strategy's shares fell 1.5% at market open but quickly rebounded to $100.
Monday's sale marks the second time this month that Strategy has sold Bitcoin.
Strategy has reversed course in recent months as Bitcoin's price and the company's own shares have declined.
In 2.5 months, we added nearly $3.8 billion and grew both more than 5X," he said in a social media post.