Strategy Sells 1,638 BTC for $105M, Holdings Drop to 842,138 BTC
MSTR is trading near its 52-week low of $81.81 (12% above the low).
Summary
Strategy sold 1,638 BTC for $105 million last week, reducing its total bitcoin holdings to 842,138 BTC. The sale, executed between July 27 and August 2 at an average price of $63,957 per bitcoin, marks a continuation of the company's shift toward monetizing its bitcoin position under the new Digital Credit Capital Framework. Proceeds were used to fund preferred stock distributions and repurchases of STRC, aligning with management's stated priority of returning the preferred to par. This follows the Q2 report showing an $8.2 billion net loss and a prior bitcoin sale in early July, reinforcing the pattern of strategic liquidations. Bitcoin dipped to around $62,400 on the news, and MSTR shares are down 1.7% pre-market, reflecting market sensitivity to any reduction in the company's core asset. With paper losses on the remaining holdings at roughly $10.9 billion, further sales could pressure both bitcoin and MSTR stock.
At the time of this announcement, MSTR was trading at $91.90 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $32.7B. The 52-week trading range was $81.81 to $414.36. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: The Block.