Brazilian Meliuz Invests Over $4 Million in Bitcoin Following Strategy’s Playbook
Meliuz founder and chairman Israel Salmen indicated that the company would use 10% of its cash flow to bitcoin in a bid to improve its profitability in the face of the Brazilian real’s loss of value and high inflation ra...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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Strategy selling hundreds of millions worth of bitcoin raises question about its capital-allocation playbook
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Strategy sells 3,588 BTC for $216 million, with total bitcoin holdings still underwater
Strategy's total holdings account for more than 4% of the 21 million bitcoin supply cap — worth around $52.3 billion.
Strategy (MSTR) Sells 3,588 Bitcoin to Cover Preferred Dividends
Bitcoin Magazine Strategy (MSTR) Sells 3,588 Bitcoin to Cover Preferred Dividends Strategy sold 3,588 bitcoin for $216 million to...