Michael Saylor posts cryptic Strategy chart after $216 million bitcoin sale: ‘Orange dots tell only part of the story’
The Block·
60-second summary
Michael Saylor posts a cryptic strategy chart after selling $216 million in bitcoin, revealing his company holds 843,775 BTC at an average cost of $75,476, leaving the position roughly $9.7 billion underwater as bitcoin trades near $64,000. This significant loss underscores the risks of holding large amounts of cryptocurrency in a volatile market.
Strategy holds 843,775 BTC at an average cost of $75,476, leaving the position roughly $9.7 billion underwater with bitcoin trading near $64,000.