Bitcoin Falls to Two-Month Low Amid MicroStrategy Sale, Geopolitical Tensions, and BitMine Ethereum Purchases
Bitcoin has dropped to a two-month low following MicroStrategy's first BTC sale since 2022, exacerbated by escalating US-Iran tensions and negative ETF performance. Concurrently, Tom Lee's BitMine purchased $52 million in Ethereum.
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Tom Lee's BitMine Buys $52 Million in Ethereum as Strategy Sells Bitcoin
Read full article →"Working Better": Saylor Teases BTC Buy After Strategy Sells For First Time Since 2022
"Working Better": Saylor Teases BTC Buy After Strategy Sells For First Time Since 2022 Bitcoin is extending its recent weakness overnight (hurt by US-Iran tensions escalating again), trading back below its 100DMA after Strategy (MSTR) sold 32 bitcoin between May 26 and May 31 at an average net price of $77,135 a coin, totaling $2.5 million (disclosed in an 8-K filing on Monday). Proceeds from the bitcoin sales are expected to be used to fund distributions on preferred stock, ...
By Tyler Durden
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