MicroStrategy: Sells 32 BTC After 41 Months
MSTR drops 6% as it sells 32 BTC for $2.5M, first sale in 41 months, amid $6B unrealized loss on 843,706 BTC holdings.
SourceAnalysis
MicroStrategy sold 32 BTC worth $2.5 million yesterday, ending a 41-month streak of pure accumulation as the firm holds 843,706 BTC purchased at an average $75,701 per coin for a current $6 billion unrealized loss.
MSTR shares fell another 6% today after a 70% crash over the past year that slashed market cap from $160 billion to $48.2 billion. With BTC price prediction models now factoring in sustained pressure, the move signals a tactical shift even if the position represents just 0.0038% of total holdings.
Price action on the 4h chart shows BTC at $68147.14 testing lower Bollinger support near $68956.66 while EMA50 at $73574.36 and EMA200 at $76121.25 act as firm resistance; RSI at 15.59 confirms oversold conditions and MACD death cross at -1254.48 reinforces bearish momentum, pointing to likely consolidation before any relief rally.
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