Michael Saylor · Jamie Dimon · Bitcoin · JPMorgan · Cointelegraph
Crypto Biz: Nobody told Saylor ‘never sell’
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Strategy’s Bitcoin sale challenged the “never sell” narrative, while JPMorgan attacked CLARITY and Capital B pursued a huge fundraising plan for BTC.
Key facts
- The company purchased 192 BTC for $15.2 million last month and added another 4 BTC on Monday, bringing its total holdings to 3,139 BTC
- Bitcoin treasury company Capital B is asking shareholders to approve a sweeping expansion of its fundraising capacity, seeking authorization to issue up to 5 billion euros ($5.8 billion) in new
- Michael Saylor’s Strategy rattled the market after disclosing the sale of 32 Bitcoin, its first reported BTC liquidation outside a 2022 tax-related transaction
- Elsewhere in crypto this week, JPMorgan CEO Jamie Dimon escalated his fight against the industry’s preferred market structure bill and a French Bitcoin treasury company pushed the limits of capital
Summary
Strategy’s sale of 32 Bitcoin shouldn’t have mattered. Elsewhere in crypto this week, JPMorgan CEO Jamie Dimon escalated his fight against the industry’s preferred market structure bill and a French Bitcoin treasury company pushed the limits of capital formation by asking shareholders to approve a massive $122 billion fundraising mandate. Michael Saylor’s Strategy rattled the market after disclosing the sale of 32 Bitcoin, its first reported BTC liquidation outside a 2022 tax-related transaction. The sale itself was tiny relative to the company’s massive holdings, but it challenged the long-standing narrative that Strategy would only accumulate Bitcoin and never sell.