"J.P. Morgan sold about 198 billion won worth of Strategy shares"

Minseung Kang

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.

BTC

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.

"J.P. Morgan sold about 198 billion won worth of Strategy shares"

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