Strategy (Ticker: MSTR), the publicly traded company with the largest Bitcoin (BTC) holdings, has seen its stock price decline for two consecutive days following a disclosure revealing the sale of Bitcoin.

As of the 2nd (local time), Strategy's stock closed at $136.08. This represents a drop of more than 70% from its 52-week high of $457.22.

Strategy disclosed that last week it sold 32 BTC at an average price of $77,135, securing approximately $2.5 million. However, this sell-off is minuscule compared to its total BTC holdings, which exceed $56 billion.

During the same period, the price of Bitcoin also remained weak. BTC is currently trading around $67,288, down more than 46% from its all-time high of $126,080.

Meanwhile, investment bank TD Cowen maintained its target price for Strategy at $400. This is approximately 194% higher than the current stock price.