Strategy sells $216M in bitcoin while position sits $9.7B underwater at $64K BTC
Strategy sold bitcoin worth $216 million even as its holding of 843,775 BTC — acquired at an average cost of $75,476 — sits roughly $9.7 billion underwater with bitcoin trading near $64,000. CEO Michael Saylor responded by posting a cryptic chart on X with the caption "Orange dots tell only part of the story," without clarifying the reason for the sale. The move drew attention given the firm's long-standing strategy of accumulating bitcoin as a core treasury asset.
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