Strategy slides as bitcoin sale clouds outlook
BUZZ-Strategy slides as bitcoin sale clouds outlook ** Shares of Michael Saylor's Strategy MSTR.O drop 4.4% after the company discloses it sold 3,588 bitcoin last week
** MSTR's bitcoin purchases and sales have become a key barometer of sentiment toward the crypto industry
** Any sale is often interpreted as a sign that confidence in the sector is weakening, a perception that can in turn weigh on MSTR's own prospects
** "Sell a kidney if you must, but keep the Bitcoin," Saylor, one of bitcoin's most influential evangelists, once posted on X
** MSTR is still the biggest corporate holder of bitcoin, however
** The bitcoin accumulator had nearly $52 bln worth of bitcoin on its balance sheet, as of Sunday, according to Reuters calculations based on company filings
** The stock has lost over a third of its value so far this year
(Reporting by Niket Nishant in Bengaluru)