sUSD at one point broke its peg, dropping below $0.93, with the Strategy selling 32 BTC causing market turbulence

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

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

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