Strategy offloads 32 BTC amid a $54 billion portfolio! What really drove the crypto debate?
The recent move by Strategy, led by Michael Saylor, to sell a portion of its Bitcoin holdings has set off a new round of controversy in the cryptocurrency markets. Investment advisor Ross Gerber harshly criticized the company for liquidating 32 Bitcoins, netting around $2.5 million at current prices. Although this sale represents a negligible fraction of Strategy’s nearly $54 billion in total Bitcoin assets, it stands out as the firm’s first sale of Bitcoin since the end of 2022, drawing the market’s full attention.