MSTR Price Fears Bitcoin Selloff as Bulls Face Last Chance at $145
Strategy Inc., formerly known as MicroStrategy (MSTR), has become a Bitcoin treasury vehicle, holding approximately 845,050 BTC worth around $66 billion on its balance sheet. This represents roughly 4% of Bitcoin's total supply cap.
The company acquired this stash at an average cost of $75,412 per coin and now sees it valued at near $66 billion. Its equity thesis lives and dies by the value of this treasury.
Recently, Strategy CEO Phong Le went on record describing the 'never sell' Bitcoin mantra as a 'good marketing notion,' not an ironclad corporate policy. This shift in posture has rattled conviction in the core narrative.
The company sold around 7,000 BTC between late June and August 10 at prices ranging from $59,000 to $64,000 before buying 4,603 BTC at $80,318 per coin in the last week of August. This sequence shook confidence in the 'never sell' narrative.