Strategy Is No Longer Just Going to "Inoculate the Market," Selling Crypto May Be Much More Common. Here's What That Could Mean for the Stock
The company recently unveiled a framework outlining multiple reasons it may sell some of its cryptocurrency holdings.
Overview
When Strategy (NASDAQ: MSTR) sold a modest amount of Bitcoin earlier this year, it was a noteworthy development given that the company's business has centered around buying up as much of the cryptocurrency as it can, and vowing to never sell. And it often boasts of being the largest corporate holder of the digital currency.
The company brushed off the sale of 32 Bitcoins, with management saying it simply wanted to "inoculate the market." Well, now it appears that Strategy is doing much more than just that, and there could be more significant cryptocurrency sales in the future.
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Originally published at www.fool.com.