MicroStrategy: Sells 6948 BTC Realizing $93M Loss

MicroStrategy has sold 6948 BTC for $432 million at an average price of $62146 since late June, locking in a $93.12 million realized loss against its $75000 cost basis.

Last week alone the firm dumped another 1690 BTC at roughly $64262, adding an $18.8 million loss and lifting cash reserves to $4.65 billion while still sitting on 840447 BTC valued at $54.742 billion.

With price testing upper Bollinger resistance at $65277.93 while RSI sits neutral at 46.49, a healthy retracement to the 50-EMA support at $64571.94 looks probable before any sustained continuation higher.