Summary
- Peter Schiff said Strategy’s recent sale of Bitcoin (BTC) may have resulted in a realized loss of about $54 million.
- He estimated that Strategy posted a loss of about $15,000 per BTC on the sale of 3,588 BTC, for a total loss of $54 million, based on its average purchase price.
- He added that the loss could grow further if Strategy continues with additional sales.
Forecast Trend Report by Period
Bitcoin skeptic Peter Schiff said Strategy’s recent Bitcoin sale may have resulted in a realized loss of about $54 million.
Crypto news outlet U.Today reported on July 6 that Schiff estimated Strategy sold 3,588 BTC at a loss of about $15,000 per token based on its average purchase price, bringing the total loss to $54 million.
He added that the loss could grow if the company continues selling more Bitcoin.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.