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Strategy sells 6,916 BTC, repurchases 4,603 at higher price, incurs $84 million loss

  • Strategy sold 6,916 BTC and later repurchased 4,603 BTC.
  • $62,081 was the selling average, versus $80,318 for repurchases.
  • Lookonchain assessed the trades as an $84 million loss for Strategy.

Strategy sold 6,916 BTC worth $430 million over the past two months at an average price of $62,081, then repurchased 4,603 BTC worth $370 million at an average of $80,318. Lookonchain assessed the sequence as an $84 million loss for the company and said it appeared to reflect weak trading judgment.

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Strategy sells 6,916 BTC, repurchases 4,603 at higher price, incurs $84 million loss - CoinPost Terminal