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Strategy shares slide more than 10 percent as Bitcoin sales accelerate, Jacob King warns
Jacob King, CEO at WhaleWire, highlights that Strategy shares have fallen more than 10 percent since Michael Saylor changed his sentiment on Bitcoin and began selling holdings.
King warns that further liquidations of Bitcoin by the company could intensify the downward trend, urging investors to consider exiting their positions.
Earlier this year, Jacob King reported that spot Bitcoin ETFs saw $70.5 million in outflows, led by BlackRock sales, as Wall Street pulled back from the asset. He also highlighted a record $1.1 billion daily decline in Tether’s market cap, fueling concerns over shrinking crypto liquidity in a separate report. These developments come as investors watch closely for further signs of stress in crypto-linked stocks.
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