Strategy's $2B MSTR Sale Weighs on Bitcoin Sentiment, Breakeven Point Reached

Strategy's recent sale of $2 billion worth of MSTR shares has had an impact on Bitcoin sentiment, according to Bitfinex. The company made no trades in BTC during this period and maintained its holdings at 840,447 BTC.

The liquidity pools for Strategy have expanded with the establishment of a new USD cash pool. This move coincided with a surge in Strategy shares (MSTR) and preferred instruments STRC to their highest trading level in two months.

Strategy's Bitcoin treasury has also reached a significant milestone, with an unrealized gain of approximately $1.4 billion, equivalent to 2.4% of its total investment. This recovery of profitability comes as the company reaches the breakeven point on its Bitcoin holdings at $77K.