Strategy sells 1,690 bitcoin for $108.6 million at $64,262 each, below its $75,385 average cost
AI Market Summary
Strategy sold 1,690 BTC below its average cost to fund preferred-share buybacks and simultaneously raised $653.1M via MSTR equity to bolster a $4.65B dollar reserve. The actions underscore a shift from pure accumulation toward balance-sheet and dividend-liability management, highlighting treasury-model cash-flow pressure at current BTC levels. This may dampen near-term sentiment as peers watch Strategy as a bellwether for corporate BTC holders.
Impact level
● Medium
Affected assets
BTC/USDT-0.54%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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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.
