A crypto strategy recently sold 3,588 Bitcoin, raising $216 million to cover dividend payments, while maintaining a significant Bitcoin reserve valued at $2.55 billion, according to CoinTelegraph.
Despite the sale, the strategy’s substantial Bitcoin holdings remain intact, reflecting confidence in the asset's long-term value. Bernstein continues to support this bullish outlook by maintaining its year-end Bitcoin price target of $150,000.
For Japanese investors, who have shown increasing interest in crypto assets as part of diversified portfolios, such moves highlight the balance between liquidity needs and holding substantial crypto reserves amid volatile markets.