The sale, which totaled 32 Bitcoin for $2.5 million, represented a small slice of the company’s overall stockpile, yet the move tested faith in co-founder and Executive Chairman Michael Saylor, along with his vision for the digital asset’s largest corporate holder.
Strategy indicated in Monday’s filing that the company padded its cash reserves. Although the company’s latest purchase marked its largest in three weeks, the company pocketed roughly $80 million for the purpose of managing dividend payments and debt obligations.
Instead of highlighting the Bitcoin that it bought, Strategy emphasized an increase in its cash position. At present, Strategy said its cash reserves stood at $1 billion.
Last week, Bitcoin plunged to $59,400, its lowest point since October 2024. The rout deepened unrealized losses on Strategy’s holdings that have reemerged over the past month. On Monday, the Bitcoin-buying firm’s stockpile was roughly $10.7 billion underwater.
