Strategy Sells 2,225 BTC for $135 Million, Reports $8.32 Billion Q2 Loss
Strategy (MSTR) sold 2,225 bitcoin (BTC-USD) between June 29 and July 5 at an average price of $60,773 per token, generating total proceeds of $135.2 million. The company also disclosed selling 1,363 BTC between June 29 and June 30 at an average price of $59,256 per BTC for total proceeds of $80.8 million. Following the sales, Strategy's total bitcoin holdings stood at 843,775 BTC. The company said the sales were made under its recently adopted BTC monetization program, which allows it to sell up to $1.25 billion of BTC to fund its US dollar reserve. As of July 5, the reserve totaled around $2.55 billion. Strategy also reported a Q2 digital asset loss of $8.32 billion, consisting of $8.31 billion in unrealized losses and approximately $0.9 million in realized losses.
Strategy (MSTR) sold 2,225 bitcoin (BTC-USD) between June 29 and July 5 at an average price of $60,773 per token, generating total proceeds of $135.2 million.
The company also disclosed selling 1,363 BTC between June 29 and June 30 at an average price of $59,256 per BTC for total proceeds of $80.8 million.
Following the sales, Strategy's total bitcoin holdings stood at 843,775 BTC.
The company said the sales were made under its recently adopted BTC monetization program, which allows it to sell up to $1.25 billion of BTC to fund its US dollar reserve.
As of July 5, the reserve totaled around $2.55 billion.
Strategy also reported a Q2 digital asset loss of $8.32 billion, consisting of $8.31 billion in unrealized losses and approximately $0.9 million in realized losses.