Crypto Currency

“Sophisticated Money Launderer” Told to Repay $3.8 Million

Reading Time: 2 minutesA former takeaway worker has been ordered to repay over £3.1 million following a money laundering conviction Jian Wen, 42, was previously sentenced to six years and eight months in prison for laundering cryptocurrency proceeds Authorities seized Bitcoin wallets linked to Wen, initially valued at over £300 million Jian Wen…

Published 1 year ago in
“Sophisticated Money Launderer” Told to Repay $3.8 Million

Reading Time: 2 minutesA former takeaway worker has been ordered to repay over £3.1 million following a money laundering conviction Jian Wen, 42, was previously sentenced to six years and eight months in prison for laundering cryptocurrency proceeds Authorities seized Bitcoin wallets linked to Wen, initially valued at over £300 million Jian Wen…
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Crypto Currency

Strategy Sells Bitcoin for First Time Since 2022 While Still Holding 843,706 BTC

Key Takeaways: It was the first Bitcoin sale since 2022 as Strategy sold 32 BTC for $2.5 million. Distribution of proceeds to be used on the company’s preferred stock. Following The post Strategy Sells Bitcoin for First Time Since 2022 While Still Holding 843,706 BTC appeared first on CryptoNinjas…

Published 2 hours ago in
Strategy Sells Bitcoin for First Time Since 2022 While Still Holding 843,706 BTC

Key Takeaways: It was the first Bitcoin sale since 2022 as Strategy sold 32 BTC for $2.5 million. Distribution of proceeds to be used on the company’s preferred stock. Following
The post Strategy Sells Bitcoin for First Time Since 2022 While Still Holding 843,706 BTC appeared first on CryptoNinjas…
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Crypto Currency

Strategy Sells Bitcoin for First Time in Years, Breaks the “Never Sell” Mantra

Thirty-two Bitcoin, Roughly $2.5 million at current prices, for a company sitting on 843,706 BTC worth over $60 billion, that is barely a rounding error on the balance sheet. But the significance of what Strategy just did has almost nothing to do with the size of the sale and everything to do with what it

Published 2 hours ago in

Thirty-two Bitcoin, Roughly $2.5 million at current prices, for a company sitting on 843,706 BTC worth over $60 billion, that is barely a rounding error on the balance sheet. But the significance of what Strategy just did has almost nothing to do with the size of the sale and everything to do with what it …
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Crypto Currency

Why Did Strategy Sell Bitcoin?

The post Why Did Strategy Sell Bitcoin? appeared first on Coinpedia Fintech News Strategy sold 32 BTC (about $2.5 million) primarily to fund preferred stock dividend payments and manage treasury operations, not because it is abandoning its Bitcoin strategy. The sale represents just 0.004% of its 843,706 BTC holdings and is the company’s first Bitcoin

Published 2 hours ago in
Why Did Strategy Sell Bitcoin?

The post Why Did Strategy Sell Bitcoin? appeared first on Coinpedia Fintech News
Strategy sold 32 BTC (about $2.5 million) primarily to fund preferred stock dividend payments and manage treasury operations, not because it is abandoning its Bitcoin strategy. The sale represents just 0.004% of its 843,706 BTC holdings and is the company’s first Bitcoin sale since its 2022 tax-loss transaction…
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Crypto Currency

Breaking: Strategy Sells 32 Bitcoin for First Time Since 2022

The post Breaking: Strategy Sells 32 Bitcoin for First Time Since 2022 appeared first on Coinpedia Fintech News Strategy, the company led by Michael Saylor, has sold 32 Bitcoins for approximately $2.5 million, according to a recent SEC filing. The transaction was completed between May 26 and May 31 at an average price of $77,135

Published 2 hours ago in
Breaking: Strategy Sells 32 Bitcoin for First Time Since 2022

The post Breaking: Strategy Sells 32 Bitcoin for First Time Since 2022 appeared first on Coinpedia Fintech News
Strategy, the company led by Michael Saylor, has sold 32 Bitcoins for approximately $2.5 million, according to a recent SEC filing. The transaction was completed between May 26 and May 31 at an average price of $77,135 per BTC…
Read More

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