Why Strategy Selling More Bitcoin May Not Be Bearish After All
Strategy sold more Bitcoin, but Grayscale believes that the move will “restore confidence in its financing structure” and help BTC “find a more durable bottom.” The Bitcoin treasury company Strategy offloaded 3,588 BTC last week for approximately $216 million. The asset briefly plunged below $61,500 before recovering quickly. While the sale initially drew attention, the…