Summary
- Global financial firm J.P. Morgan is reported to have sold about $134 million (about 198 billion won) worth of Strategy shares.
- It was reported that J.P. Morgan's purpose for the sale or whether it reflected a strategy change could not be confirmed.
- Meanwhile, Strategy was reported to hold about 649,870 Bitcoin.
Global financial firm J.P. Morgan is reported to have disposed of 772,453 shares of Strategy (formerly MicroStrategy), a company holding Bitcoin. This amounts to about $134 million (about 198 billion won).
On the 24th (local time), crypto asset-focused account Bitcoin Treasuries reported via X (formerly Twitter) that "J.P. Morgan recently sold 772,453 Strategy shares."
It has not been confirmed whether J.P. Morgan carried out the sale for any specific purpose or due to a change in strategy.
Meanwhile, Strategy is a company that has been accumulating Bitcoin long-term and currently holds about 649,870 BTC.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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