Bitcoin Price Falls Below $62,000 as Strategy Sells $216M in BTC

The post Bitcoin Price Falls Below $62,000 as Strategy Sells $216M in BTC appeared first on Coinpedia Fintech News

Strategy sold 3,588 Bitcoin for about $216 million to fund dividends on its Digital Credit securities. The company said it held 843,775 Bitcoin and $2.55 billion in U.S. dollar reserves as of July 5, while reporting an $8.31 billion unrealized second-quarter loss on digital assets. Following the disclosure, Bitcoin fell below $62,000, and the source …