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Strategy sells 3,588 bitcoins as market watches for 2022 rally deja vu

Strategy sold 3,588 bitcoins over a week, drawing market attention because it was its first major disposal since December 2022. The company said it sold the bitcoin for about $216.0 million and plans to use the proceeds to fund dividends on digital credit securities. Based on its average purchase price, it recorded a realised loss of more than $55.44 million. Some traders are comparing the move with a past bear-market sale followed by a sharp rise.