finance
Strategy Sells 3,588 Bitcoin for $216 Million
Strategy sold 3,588 bitcoin last week at an average price of $60,197, raising $216 million. The sale produced a realized loss of more than $55 million based on the firm's average acquisition cost of $75,651 per bitcoin.
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Strategy sold 3,588 bitcoin last week for $216 million at an average price of $60,197 per coin. The transaction generated a realized loss exceeding $55 million when measured against the company's average purchase price of $75,651 per bitcoin.
The company stated the proceeds will fund dividend payments on its digital credit securities. The sale marks the latest move by the firm to manage liquidity for its preferred-share obligations.
Bitcoin traded near $60,200 during the period covered by the transaction. No additional details on the timing or counterparties were disclosed in the reports.
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Routine treasury managementLoss-making liquidation
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RoutineLoss
CorroborationLimited · 4 sources
