According to Odaily, Strategy, an entity controlled by Michael Saylor, recorded an estimated $84 million loss from Bitcoin trading over the past two months. During that period, the firm sold a combined 6,916 BTC at an average price of about $62,081, generating roughly $429 million in cash proceeds. It later bought back 4,603 BTC in a higher price range of around $80,300, spending about $370 million. The reported result reflects a sell-lower, buy-higher sequence across multiple Bitcoin transactions in the two-month period. No additional details were provided in the brief on the exact timing of each trade or the specific structure of the transactions.
According to Odaily, Strategy, an entity controlled by Michael Saylor, made multiple Bitcoin trades over the past two months and ended up with an estimated loss of about $84 million.
The firm sold a combined 6,916 BTC at an average price of roughly $62,081, generating about $429 million in cash. It later repurchased 4,603 BTC in a higher price range of around $80,300, spending about $370 million. The related trades resulted in an estimated loss of about $84 million.
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