On June 6, Strategy, a leading Bitcoin treasury company, disclosed in an SEC Form 8-K filing that it sold approximately 3,588 BTC for about $216 million (equivalent to ¥35 billion) from June 29 to July 5. The proceeds from the sale were allocated to dividend payments for the company's issued preferred shares (digital credit securities).
The announcement led to a sharp increase in selling pressure on Bitcoin, resulting in a significant price drop, momentarily...
