Michael Saylor's Strategy has evolved into a far more complex bitcoin-finance machine since it last sold BTC three and half years ago. Strategy's May sale of 32 BTC was only the second disclosed bitcoin sale in the company's history. The firm's first sale, in December 2022, was a tax-loss harvesting transaction that critics wrongly viewed as the start of a broader liquidation. While the 2022 sale proved insignificant, Strategy's transformation into a complex financing v…
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