Michael Saylor's Strategy Continues to Sell Bitcoin. That's Why I'm Doubling Down on Bitcoin Right Now.
One company deciding to sell some Bitcoin doesn't mean much of anything in the big scheme of things.
Overview
Strategy (NASDAQ: MSTR) (formerly known as MicroStrategy) selling its Bitcoin (CRYPTO: BTC) is not a reason for you to sell yours. The digital asset treasury (DAT) company led by Michael Saylor unloaded 3,328 BTC for a total of $213 million over the two weeks ending Aug. 9, adding to investors' fears that the company's sales would spark a larger sell-off just as its bear market seemed to be finally ending.
Saylor's sales don't bother me. In fact, I'm loading up on more Bitcoin. Here's why.
Image source: Getty Images.
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Originally published at www.fool.com.
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