Strategy Inc's Bitcoin Sale Triggers Crypto Market Sentiment Shift

Crypto market sentiment turned fearful after Strategy Inc's filing on Monday revealed it sold 3,588 Bitcoins between June 29 and July 5 for $216 million.

The company, led by Michael Saylor, also reported a loss of $8.32 billion on digital assets for the three months ended June 30.

This news weighed on markets that had been boosted by soft jobs data from the U.S., causing a decline in overall crypto market capitalization to $2.15 trillion - down 1 percent in the past 24 hours.