Strategy sells 1,690 bitcoin for $108.6 million at $64,262 each, below its $75,385 average cost
Strategy sold 1,690 bitcoin last week for $108.6 million, at an average price of $64,262 per coin, below its $75,385 average purchase cost. The company raised $653.1 million from selling MSTR shares, directing $650 million into its dollar reserve. Proceeds from the bitcoin sale were used to buy back 1,152,020 STRC preferred shares. Strategy’s dollar reserve reached $4.65 billion, while it held 840,447 bitcoin with an unrealized paper loss of about $9.7 billion.