Google Gemini estimates that Strategy's Bitcoin sales in June - August had a weighted average sales price of $62k per BTC.
Let's assume that's correct.
They raised an estimated $430M in cash from those sales.
Today, that $430M is worth $550M (+$120M).
If BTC makes new ATHs, the value of those Bitcoin sales would be worth $873M (+$443M).
If BTC reaches $200k, the value of those Bitcoin sales would be worth $1.384B.
Thanks for capitulating!
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