MicroStrategy Sells 32 BTC for $2.5M as Bitcoin Falls Nearly 3%
MSTR•MicroStrategy sold 32 BTC for roughly $2.5 million, equal to 0.0038% of its 840,000 Bitcoin holdings, a move retail traders blamed for Bitcoin’s nearly 3% drop to around $71,300. That cryptocurrency downturn followed Iran’s threat to block the Strait of Hormuz and a surge in oil prices over 7%.
1. MicroStrategy Bitcoin Sale Details
MicroStrategy sold 32 BTC last week for about $2.5 million, representing approximately 0.0038% of its over 840,000 Bitcoin holdings.
2. Market Reaction and Sentiment
Bitcoin fell nearly 3% to around $71,300, marking a seven-week low, and retail traders blamed the sale for weakening market sentiment.
3. Geopolitical Tensions Influence
Iran threatened to block the Strait of Hormuz, triggering a over 7% jump in oil prices that weighed on risk assets including Bitcoin.
