Bitcoin Holds Above $81K After Strategy Statement

Cryptocurrency

Bitcoin stabilized on Wednesday, slightly trimming intraday gains after the largest corporate holder of cryptocurrency, Strategy, announced the possibility of selling part of its holdings.

Nevertheless, Bitcoin remained near a three-month high, while the broader cryptocurrency market also showed mostly positive momentum amid growing hopes for de-escalation between the United States and Iran.

Bitcoin rose 0.5% to $81,368.8 as of 06:32 GMT. Earlier in the session, the world’s largest cryptocurrency reached a more than three-month high of $81,718.9.

Market sentiment improved after Donald Trump announced a pause in the military operation escorting ships through the Strait of Hormuz following Iran’s retaliatory military actions.

Trump also stated that negotiations with Iran were progressing and that the operational pause was intended to create conditions for a comprehensive agreement with Tehran.

His comments followed statements from Iranian officials about progress in negotiations mediated by Pakistan earlier this week. These signals strengthened hopes for broader de-escalation in the Middle East conflict and supported risk assets.

Strategy Considers Selling Bitcoin to Pay Dividends

Strategy said it is considering selling part of its reserve of 818,334 Bitcoin to finance dividend payments and repay debt obligations.

Michael Saylor stated:
“We will probably sell some Bitcoin to finance dividends — simply to reassure the market,” adding that the company’s latest STRETCH preferred stock offering saw strong demand.

Strategy financed its Bitcoin purchases primarily through debt instruments and preferred share issuances, making the company vulnerable to future payment obligations.

At the same time, Saylor emphasized that the impact of any sales would be limited and that the company intends to buy back more Bitcoin than it sells.

Nevertheless, the move marks a significant departure from Saylor’s previous stance of never selling Bitcoin. The policy shift came after Strategy reported a substantial operating loss of $14.47 billion in the first quarter, mainly due to unrealized losses on Bitcoin holdings.

Crypto Market Today: Altcoins Stable Amid Iran Situation

The broader cryptocurrency market traded from neutral to moderately positive, with investors focused on possible de-escalation between the United States and Iran. This factor helped drive the crypto market recovery last week.

Ethereum, the world’s second-largest cryptocurrency by market capitalization, fell 0.4% to $2,369.43, while XRP rose 1.3% to $1.4254.

Solana and Cardano gained 2.9% and 3.5% respectively, while BNB rose 1.3%.

Among meme coins, Dogecoin climbed 3.4%, while Official Trump added 2.8%.

See also: "Michael Saylor and Strategy Signal Possible Bitcoin Sales — Market Reacts with Drop"

#Bitcoin (BTC)

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