Strategy sheds $216 million in Bitcoin in crypto hoarder’s largest sale ever

Strategy, a major Bitcoin hoarder, sold $216 million in Bitcoin in its largest crypto sale to date, citing the need to build cash reserves and avoid issuing more equity. The sale caused its stock to drop 5% initially, while Bitcoin's price fluctuated. The company, which previously emphasized accumulating Bitcoin, now faces market pressures amid broader crypto bearishness.