Bitcoin Rebounds Above $63,500 After Strategy’s $216M Sale Triggers $214M in Short Liquidations – Bitcoin News
Key Takeaways Strategy sold 3,588 bitcoins for $216 million between June 29 and July 5 to fund preferred stock dividends. The sale sparked a brief Monday dip to $61,246, liquidating $214 million in short bets across the crypto economy. Bulls eye a credit rating upgrade and S&P 500 inclusion as Strategy builds a $2.5 billion…
