MORE SELLING PRESSURE ON BTC COMING???
Strategy just gave itself permission to sell up to $1.25B worth of Bitcoin.
The company says the funds could be used to pay preferred stock dividends, interest expenses, and strengthen its balance sheet and not because it's bearish on $BTC
Is this smart capital management... or a crack in the "never sell" narrative and could this lead to more sell pressure on the market?
$BTC
#strategy
Strategy just gave itself permission to sell up to $1.25B worth of Bitcoin.
The company says the funds could be used to pay preferred stock dividends, interest expenses, and strengthen its balance sheet and not because it's bearish on $BTC
Is this smart capital management... or a crack in the "never sell" narrative and could this lead to more sell pressure on the market?
$BTC
#strategy