The sale is notable because Strategy spent years presenting bitcoin accumulation as the central objective of its capital strategy. Bitcoin fell slightly to around $62,400 following the filing, while Strategy shares declined in pre-market trading. The authorization gives management more flexibility but weakens the assumption that the company’s bitcoin holdings will only increase over time. The loss was driven mainly by unrealized declines in the value of its bitcoin holdings. Strategy shares closed last week at $93.28, around 80% below their 2025 peak, while bitcoin declined 4.1% over the same week.