MicroStrategy Sells Bitcoin for Dividends, Faces $10B Unrealized Loss
MSTR sits 23% above its 52-week low of $104.165.
Summary
MicroStrategy has sold 32 Bitcoin to fund preferred-stock dividends, marking its first Bitcoin sale since 2022. This action comes as the company faces an approximate $10 billion unrealized loss on its total Bitcoin holdings, with the average cost basis of $75,702 per BTC significantly above the current market price. This follows the Q1 2026 10-Q filing on May 6th, which reported a $14.46 billion unrealized loss. The sale, even if small, represents a notable shift from MicroStrategy's long-standing Bitcoin accumulation strategy and could signal liquidity considerations. CEO Michael Saylor attributed the broader Bitcoin selloff to a capital rotation towards AI.
At the time of this announcement, MSTR was trading at $128.04 on NASDAQ in the Technology sector, with a market capitalization of approximately $44.9B. The 52-week trading range was $104.17 to $457.22. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Beincrypto.