Key Takeaways Vaneck’s Matthew Sigel says Strategy’s $135M July bitcoin sale left its $1.25B monetization program untouched. Strategy sold 3,588 BTC for about $216M between June 29 and July 5 to fund preferred stock dividends. Sigel called Strategy ‘a hedge fund’ trading its own capital stack and bitcoin, saying he pays a low P/E for it. On Strategy’s Side, Somewhat Strategy Inc.’s (Nasdaq: MSTR) latest bitcoin sales did not count against the company’s previously announced $1.25 billion BTC Monetization Program, according to Vaneck Head of Digital Assets Research Matthew Sigel. That means the full $1.25 billion in board-authorized selling capacity …
Bitcoin
Crypto
In crypto news today (July 8), Bitcoin has experienced a slight retracement, still sitting comfortably above $60,000, but down -1.1% over the past 24-hours and …
PI has plummeted by over 7% in the past day and has lost the $0.11 support. The Core Team behind the controversial project continues …
