Michael Saylor posted Strategy’s bitcoin chart on Aug. 9 with a two-word caption. Days earlier, the company disclosed another bitcoin sale, leaving 842,138 BTC on the books and raising fresh questions about its next move.
Key Takeaways
Saylor posted Strategy’s bitcoin chart on X on Aug. 9 with two words.Strategy’s bitcoin was worth about $55 billion on the morning of Aug. 9.The company’s ledger shows four sales and no purchase since June 22.Saylor’s screenshot showed a reserve worth $54.66 billion, 113 purchase events going back to Aug. 10, 2020, and an average cost of $75,653 per coin. Red text put the position 14.21% under water, an unrealized loss of $9,050,924,050.
Filings put the cost basis at $75,419 per coin, or about $63.51 billion spent including fees. Strategy describes itself as a bitcoin treasury company and has adopted bitcoin as its primary treasury reserve asset, while also maintaining a multibillion-dollar U.S. dollar reserve. Its stack works out to 4.01% of every bitcoin that will ever exist.
The Buyer Turned SellerThree more disposals appear on the same table. The company reported 2,225 coins gone on July 6 at $60,773 each, another 1,363 on June 30 at $59,256, and 32 BTC on June 1 at $77,135. Three of the four sales were executed below the company’s average purchase price.
