BUSINESSTHE BLOCK
Michael Saylor posts cryptic Strategy chart after $216 million bitcoin sale: ‘Orange dots tell only part of the story’
Michael Saylor sold $216 million in bitcoin, leaving his strategy holding 843,775 BTC at an average cost of $75,476. The position is approximately $9.7 billion underwater as bitcoin trades near $64,000.
Related Signal
Adjacent reporting
- Strategy sells 3,588 BTC for $216 million, with total bitcoin holdings still underwater
- Strategy shares fall after selling $2.5 million in bitcoin, its first sale since 2022
- Bitcoin below $72,000 as Strategy sold 32 bitcoin sale for $2.5 million in late May
- Michael Saylor’s Strategy sells 32 bitcoin for $2.5 million as total holdings drop to 843,706 BTC
- Bitcoin slides toward $70,000 as Strategy’s BTC sale, geopolitical risks weigh on crypto