MicroStrategy Sells 32 BTC, Faces $12.6B Unrealized Loss on Bitcoin Holdings
MSTR•MicroStrategy sold 32 BTC at an average price of $77,135 per coin, generating $2.5 million to fund its STRC perpetual preferred dividend. With Bitcoin near $61,000, the firm’s 843,706 BTC holdings carry a $12.6 billion unrealized loss and its USD reserve has dropped to $900 million.
1. Sale Details and Dividend Funding
MicroStrategy sold 32 BTC at an average $77,135 per coin between May 26 and May 31, netting roughly $2.5 million to cover its STRC perpetual preferred dividend obligations.
2. Unrealized Loss on Bitcoin Holdings
At current trading near $61,000, MicroStrategy’s 843,706 BTC position carries an unrealized loss of about $12.6 billion against a cost basis of $75,699 per coin, exposing significant downside risk.
3. Cash Reserve Decline
The company’s USD reserve fell to $900 million as of May 31, down from $2.25 billion at the start of the year, reflecting cash used for operations, dividend payments and strategic investments.
4. Stock Performance and Executive Commentary
MicroStrategy’s stock closed at its lowest level since November 2022 amid extremely bearish retail sentiment, while Michael Saylor rebuffed Jim Cramer’s “murdered Bitcoin” label by calling it “just a flesh wound.”
