Bitcoin-related exchange-traded funds (ETFs) saw widespread price drops. At the time of writing, Harvest Bitcoin ETF (03179) fell 3.33% to HK$5.375; ChinaAMC Ethereum ETF (03046) dropped 3.16% to HK$5.365; Bosera Ethereum ETF (03009) declined 3.03% to HK$1.73; and ChinaAMC Bitcoin ETF (03042) decreased 2.81% to HK$9.67.
The market movement follows recent comments from Strategy's President and CEO Phong Le, who indicated that selling Bitcoin for U.S. dollars or using it to repay debt is under consideration if such actions enhance the per-share Bitcoin value. This marks the first public shift from the company's "never sell" principle originally established by its founder and Chairman Michael Saylor.
As of the end of the first quarter, Strategy holds 818,334 Bitcoins, accounting for nearly 4% of the total Bitcoin supply.
Comments