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Jacob King, CEO at WhaleWire, reports that Strategy is now the leading corporate seller of Bitcoin after selling another $216 million in the cryptocurrency.
King notes that just last year, Strategy CEO Michael Saylor had urged investors to take out double mortgages to buy Bitcoin at $124,000 or higher, promising ongoing commitment from his company.
Earlier, the Rosen Law Firm launched an investigation into Strategy and Michael Saylor over alleged securities violations and Bitcoin disclosures, according to a report from Jacob King. Ripple CEO Brad Garlinghouse also criticized Strategy’s Bitcoin accumulation method, citing market impact as STRC traded below par in comments covered by King. These developments add to ongoing scrutiny of Strategy’s Bitcoin activities.