# StrategySoldBTCtoCoverInterestPayments

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#StrategySoldBTCtoCoverInterestPayments
Strategy has once again sold Bitcoin to cover interest payments; the losses are substantial.
Strategy announced that it generated $216 million in proceeds by selling 3,588 Bitcoin last week. Following the announcement, the price of Bitcoin fell below $62,000. The company's unrealized Bitcoin losses currently exceed $11 billion.
Having sold 32 BTC in recent weeks, Strategy executed a much larger sale this time around. The company sold 3,588 BTC—valued at $216 million—last week. Following the sale, the company's total Bitcoin holdings dropped to 843,755 u
BTC0.20%
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