Bitcoin Slides as Strategy Plans up to $5 Bil in Crypto Sales

Strategy (MSTR), the biggest bitcoin whale, discussed a plan to sell up to $5 billion of the cryptocurrency on its late-Thursday Q2 earnings call, giving little sign that it's ready to resume bitcoin purchases after a month of going cold turkey. The bitcoin price retreated

Strategy (MSTR), the biggest bitcoin whale, discussed a plan to sell up to $5 billion of the cryptocurrency on its late-Thursday Q2 earnings call, giving little sign that it’s ready to resume bitcoin purchases after a month of going cold turkey.

The bitcoin price retreated to a two-week low early Friday, underperforming the gold price. “Our intent is to sell…

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