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Michael Saylor posts strategy chart after $216 million bitcoin sale

According to The Block, the Strategy portfolio still holds 843,775 BTC, putting the position about $9.7 billion underwater based on an average cost near $75,476 versus bitcoin around $64,000.

Reported · Written up by our desk · Market Structure

Michael Saylor, executive chairman of Strategy, posted a cryptic chart referencing its bitcoin strategy after the firm sold about $216 million worth of bitcoin, according to The Block.

The Block reports that Strategy still holds 843,775 BTC at an average cost of $75,476, which implies the overall position is roughly $9.7 billion underwater if bitcoin trades near $64,000.

In the same coverage, The Block cites Saylor’s comment that the chart’s “orange dots” show only part of the story, suggesting additional context beyond the posted view of the company’s holdings.

Latest closeBitcoin $64,188.35 ▲0.6%

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