Neil Jacobs: Strategy sold 3,588 BTC as Bitcoin price increased

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Neil Jacobs: Strategy sold 3,588 BTC as Bitcoin price increased — Strategy sold 3,588 BTC during rally

Neil Jacobs reports that Strategy sold a total of 3,588 BTC as the price of Bitcoin was increasing.

According to Jacobs, the sales took place in two batches: 1,363 BTC between June 29-30, and 2,225 BTC from July 1-5. He describes the action as bullish.

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Jacobs has previously said that conviction in Bitcoin financial products comes from a core understanding of the asset, not just easier access to markets, according to a prior article. He recently wrote that Bitcoin is expected to enter another bull market soon, citing the strong sentiment that often accompanies such cycles in crypto markets in a recent report. These views provide added context to Strategy’s recent BTC transactions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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