Is Strategy's Latest Plan 1 More Reason to Sell Bitcoin?
The digital asset treasury company now has plans to sell more Bitcoin.
Overview
When the largest corporate holder of a scarce asset says that it has new rules for when it will sell some of that asset, the rest of the asset's holders tend to pay rapt attention. On June 29, Strategy (NASDAQ: MSTR) published a new Digital Credit Capital Framework wherein it reserves the right to sell as much as $1.25 billion in Bitcoin (CRYPTO: BTC), with the proceeds of any such sales being earmarked for paying dividends, interest expenses, and for its stock buybacks.
Bitcoin fell by 2.2% in the 24 hours after the announcement. Should Bitcoin holders be looking for the sell button?
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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