Strategy, the largest institutional Bitcoin investor, has paused its Bitcoin strategy. While the giant company sold a significant amount of $BTC last week, it hasn’t made any sales this week, but it hasn’t made any new $BTC purchases either.
According to Strategy founder Michael Saylor, Strategy sold $466.7 million worth of MSTR shares but did not purchase any Bitcoin.
According to a July 13 SEC filing, Strategy sold 4.82 million shares of MSTR between July 6 and July 12 for net proceeds of $466.7 million.
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