Strategy faces a record $10.8 billion unrealized loss on its 843,706 BTC holdings as MSTR stock drops 77% from its all-time high amid a crypto bear market.

Shares in the leading Bitcoin treasury firm Strategy (MSTR) are now more than 70% off their 52-week high after the company sold BTC.

Strategy sold 32 BTC for $2.5M, its first Bitcoin sale since 2022. The move triggered a 5.85% stock drop, a 2% Bitcoin decline, and Polymarket disputes.

Strategy Inc. sold 32 BTC for $2.5 million to cover preferred stock dividends, its first net Bitcoin sale since 2022, triggering a 6% drop in MSTR shares.

Strategy faces a record $10.8 billion unrealized loss on its 843,706 BTC holdings as MSTR stock drops 77% from its all-time high amid a crypto bear market.

Grayscale Head of Research Zach Pandl says Strategy Inc.’s (NASDAQ:MSTR) ability to accumulate more Bitcoin

Strategy sold 32 BTC to cover preferred equity costs, and Grayscale warns the leveraged Bitcoin model faces structural stress that could force further

Strategy faces $13B in unrealized Bitcoin losses while Bitmine carries $10.3B in Ethereum losses. Their combined $23.1B hit contrasts with Hyperliquid's