sUSDat, the staked version of USDat backed by digital credit (STRC), experienced a temporary 7% drop below $0.93 before rebounding to $0.98. This market fluctuation coincided with Strategy's decision to sell 32 BTC at an average price of $77,135, totaling $2.5 million, representing a mere 0.0038% of its extensive 843,000 BTC holdings.
In addition to the Bitcoin sale, Strategy also liquidated 801,994 shares of common stock, raising $128.3 million. These actions marked a departure from the company's "Never Sell" doctrine, undertaken to fund distributions.
sUSDat Dips 7% Amid Strategy's BTC and Stock Sales
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