MicroStrategy Books Loss on $432M Bitcoin Sale

MicroStrategy has made a significant move in its Bitcoin holdings, selling 6948 BTC for $432 million. This sale comes at an average price of $62,146 since late June.

The firm locked in a realized loss of $93.12 million against its cost basis of $75,000 per coin.

Last week alone, MicroStrategy dumped another 1690 BTC at roughly $64,262, adding to the loss and lifting cash reserves to $4.65 billion.

The company still holds an impressive 840,447 BTC valued at $54.742 billion.