Strategy (formerly MicroStrategy) Sells Bitcoin for the First Time... Secures $2.5 Million by Selling 32 BTC
According to the Twitter (now X) account 'Unfolded,' Strategy (formerly MicroStrategy) announced through a recent regulatory filing that it sold 32 bitcoins at
What to know
- According to the Twitter (now X) account 'Unfolded,' Strategy (formerly MicroStrategy) announced through a recent regulatory filing that it sold 32 bitcoins at
According to the Twitter (now X) account 'Unfolded,' Strategy (formerly MicroStrategy) announced through a recent regulatory filing that it sold 32 bitcoins at an average price of $77,135 and secured approximately $2.5 million.
This sale is the first known instance of the company selling Bitcoin since Strategy adopted it as the core asset of its acquisition strategy. Previously, bets were placed on prediction markets regarding whether Strategy would sell its Bitcoin, and the actual sale was confirmed through this filing.
However, the amount of Bitcoin sold this time was shown to be insignificant compared to Strategy's total holdings.