Michael Saylor's Strategy Has a New Approach to Buying and Selling Bitcoin. Here's the Most Likely Scenario for How It Works Out
In the past several weeks, the business sold $218 million worth of Bitcoin, a surprise development for investors.
Overview
Since Strategy (NASDAQ: MSTR) first purchased Bitcoin in August 2020, when it effectively became a digital asset treasury business, its shares have surged 601% (as of July 10). However, this cryptocurrency stock currently trades 80% below its November 2024 record high. The bears are winning the debate right now.
The past several weeks have been eventful, as Strategy has abandoned its never-sell attitude. And on June 29, billionaire chairman Michael Saylor introduced a digital credit capital framework that revamped the company's operating playbook.
Details
The business has a new approach to its Bitcoin strategy. Here's how it will likely play out.
Source
Originally published at www.fool.com.