Strategy books $55 million loss on bitcoin sale

AI Market Summary

Michael Saylor’s Strategy sold 3,588 BTC (June 29–July 5) at ~$60,197, crystallizing an estimated $55M loss versus a ~$75.5k average cost. The sale reduces its holdings to 843,775 BTC and slightly lowers its cost basis by removing higher-cost lots. While small relative to total holdings, a rare sale by a major corporate holder can weigh on near-term sentiment and positioning.

Impact level

● Medium

Affected assets

BTC/USDT-0.86%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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Michael Saylor's Strategy sold 3,588 BTC between June 29 and July 5 at an average price of $60,197, crystallizing an estimated $55 million realized loss based on an average acquisition cost of roughly $75,500 per bitcoin. The sale trimmed the company's bitcoin position to 843,775 BTC from 847,363 BTC. Following the transactions, Strategy's average cost basis edged down to about $75,476 per BTC from roughly $75,578, as higher-cost coins were removed from its treasury.

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