MicroStrategy Sells Bitcoin After 12% Weekly Slide and Tax Proposal
MSTR•MicroStrategy sold part of its bitcoin holdings for the first time in four years, coinciding with a 12% weekly drop in bitcoin. Bitcoin hovered near $60,000 as Greece prepares a 15% crypto gains tax, signaling increased regulatory pressure.
1. Bitcoin Sale by MicroStrategy
MicroStrategy executed its first bitcoin sale in four years, reducing its holdings during a broader market downturn. The company has not disclosed the exact volume sold, but the move marks a significant shift in its long-standing accumulation strategy.
2. Crypto Market Pressure
Bitcoin experienced a 12% weekly drop, trading near $60,000, while XRP and Ethereum also suffered declines as a sector-wide AI-driven selloff took hold. Crypto investors faced heightened volatility amid shifting sentiment on artificial intelligence impacts.
3. Regulatory and Industry Developments
Greece is preparing legislation for a 15% crypto capital gains tax, and Japan’s top three banks plan to issue stablecoins by March 2027. These developments underscore mounting regulatory scrutiny and emerging competition in the digital-asset space.
