Strategy's Bitcoin sale priced below its cost basis
AI Market Summary
Strategy sold 1,690 BTC for $108.6M at an average $64,262, below its $75,385 average cost, signaling willingness to realize losses to fund capital-structure actions. Proceeds were used to repurchase 1,152,020 STRC preferred shares, while equity issuance added $6.5B to cash reserves, extending dividend coverage. With 840,447 BTC still held and large unrealized losses, the move may weigh on near-term BTC sentiment.
Impact level
● Medium
Affected assets
BTC/USDT-0.70%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Strategy sold 1,690 bitcoins last week, raising $108.6 million at an average price of $64,262 per coin, below its average cost basis of $75,385. The company also raised $653.1 million through an issuance of MSTR shares, with $650 million added to its U.S. dollar reserves. Proceeds from the bitcoin sale were used to repurchase 1,152,020 shares of STRC preferred stock. Dollar reserves rose to $4.65 billion, enough to cover roughly 2.7 years of dividend payments. Strategy currently holds 840,447 bitcoins and is sitting on an unrealized loss of about $9.7 billion.
