Strategy Sells Another $108M Worth of BTC, Redirects Funds into Preferred Stock
Strategy, an unknown entity in this space, has made another significant move. In a recent transaction, they sold 1,690 BTC for $108.6 million, marking yet another major sale of Bitcoin by the company. This sale is part of Strategy's ongoing effort to redirect funds into its preferred stock.
The total amount of Bitcoin sold by Strategy in 2026 now stands at $432 million, with no fresh purchases made over the past seven weeks. The company's management has prioritized accumulating USD reserves while sitting on a substantial $8.73 billion in unrealized losses and 840,447 BTC.
Bitcoin's current price is being closely watched by analysts. At $64,881.41, it trades within its Bollinger Bands with an upper resistance of $65,246.13. The RSI(14) at 51.51 indicates a neutral reading, while the MACD(12,26) prints a bearish death cross at 166.89.