Strategy, also known as MicroStrategy, was facing an unrealized Bitcoin loss of about $11.07 billion after Bitcoin fell well below its reported average purchase price of $75,601 during a broader crypto sell-off. The pressure coincided with the company’s disclosed sale of 32 Bitcoin between May 26 and May 31 at an average price of $77,135 per coin, with newer reporting saying the proceeds funded dividend obligations on its STRC preferred shares. The market decline was accompanied by persistent U.S. spot Bitcoin ETF outflows, heavy liquidations, and weak U.S. demand signals, while separate Lookonchain data cited by PANews also showed large paper losses at other crypto-holding companies including Bitmine, SharpLink, Metaplanet and Forward Industries.