POPA ReconStrategy Sold 1,638 BTC (~$105M) at a Loss
Strategy Sold 1,638 BTC (~$105M) at a Loss Strategy (formerly MicroStrategy) sold 1,638 BTC for about $104.7M at an average of $63,957, below its $75,419 cost basis, a rare sale for Michael Saylor's firm. The proceeds went to capital management, roughly $52M toward STRC preferred-stock dividends and about $81M of preferred-share buybacks, not a shift in Bitcoin conviction. It caps Strategy's first stretch as a short-term net seller: just 37 BTC added over two months, then 1,638 offloaded in a week. Strategy still holds 842,138 BTC and remains a net buyer for the full year, having accumulate…
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