MicroStrategy Sells 1,638 Bitcoin at $63,957 Each, Stock Down 41% YTD
MicroStrategy announced the sale of 1,638 Bitcoin at an average price of $63,957, raising $104.7 million. The company's stock has fallen 41% this year and 83% from its all-time high.
MSTRBTCUSD
MicroStrategy has sold a portion of its Bitcoin holdings, offloading 1,638 BTC at an average price of $63,957. The transaction raised $104.7 million in proceeds.
The sale comes as the company's stock, trading under ticker MSTR, has suffered steep losses. Year-to-date, shares are down 41%, and from their all-time high, the decline extends to 83%.
Source: The Kobeissi Letter