Buy Crypto
Markets
Spot
Futures
Earn
Promotion
More
reward-centerNewcomer Zone
Feed HomeFlash details
sUSD's price briefly fell below $0.93, triggering market volatility, after the Strategy sold 32 BTC.
  • BTC0%

BlockBeats News, June 3rd, according to ChainNews monitoring, the collateralized stablecoin sUSDat, fully backed by the digital credit asset STRC, experienced a temporary depegging, dropping by around 7% to below $0.93 and then recovering to $0.98.

ChainNews stated that this market fluctuation occurred after Strategy symbolically broke the "Never Sell" principle. Strategy sold 32 BTC at an average price of around $77,135 during the reporting period, with a total value of approximately $2.5 million, accounting for 0.0038% of its holding of over 843,000 BTC. The proceeds will be used for distribution expenses.

Additionally, during the same period, Strategy also sold 801,994 shares of common stock, raising approximately $1.283 billion.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

Hot
  • Coins
    Price
    24H Change