MicroStrategy Sells Bitcoin for First Time in Years, Triggers $200K Payout
MicroStrategy just dumped 32 BTC, its first sale in years, to fund preferred stock dividends. This move, spotted by on-chain sleuths, paid off a massive bet for one trader.
MicroStrategy, the undisputed king of corporate Bitcoin holdings, finally cashed out. The firm confirmed a sale of 32 BTC for roughly $2.5 million, marking its first Bitcoin divestment in years. This move was to support preferred stock dividends, a strategic allocation of its massive 843,706 BTC treasury.