TLDR
- Strategy transferred 1,030 BTC worth about $66.14M, according to on-chain tracker Lookonchain.
- Strategy disclosed selling 1,638 BTC for about $104.7M at an average price of $63,957.
- Strategy now allegedly holds 842,138 BTC, with a market value exceeding $52B at current prices.
- Strategy said the BTC sale funded preferred dividends and STRC share repurchases totaling about $400.7M.
- Michael Saylor said Strategy has never had a “never sell” policy and expects to remain a net Bitcoin buyer over time.
Strategy, formerly MicroStrategy, transferred another 1,030 Bitcoin worth about $66.14 million on Wednesday, renewing attention around the company’s recent Bitcoin activity. On-chain tracker Lookonchain flagged the transaction, though the company has not confirmed that the transfer represents a sale.
The latest wallet movement follows Strategy’s disclosure earlier this week that it sold 1,638 BTC during the previous week. The combination of the confirmed sale and the new transfer has led market participants to monitor whether more Bitcoin could be sold as part of the company’s treasury management program.
Strategy Wallet Transfer Sparks Fresh Attention
Lookonchain reported that a wallet believed to be linked to Strategy moved 1,030 BTC valued at approximately $66.14 million. The company has not issued a statement about the transfer, and blockchain transactions alone cannot confirm whether the Bitcoin was sold or simply moved between wallets.
Source: X
The transfer came days after Strategy confirmed selling 1,638 BTC at an average price of $63,957. That transaction generated about $104.7 million and reduced the company’s Bitcoin holdings to 842,138 BTC. Based on current market prices, those holdings remain worth more than $52 billion.
Earlier wallet activity also drew attention after Lookonchain reported that 299.84 BTC left another address believed to be associated with Strategy. The latest movement has added to speculation, although no evidence has confirmed another completed sale.
Strategy said the recent Bitcoin sale helped fund preferred dividend payments and repurchases of STRC shares. The company sold the coins below its average acquisition cost of $75,419, while second-quarter obligations related to dividends and buybacks totaled about $400.7 million.
Michael Saylor Defends Strategy’s Bitcoin Approach
Executive Chairman Michael Saylor responded to criticism surrounding the company’s recent Bitcoin sale by separating his personal investment approach from Strategy’s corporate treasury decisions.
In a post on X, Saylor wrote,
“When I say ‘Never Sell Your Bitcoin,’ I speak as one saver to another. I have never sold mine. Not one satoshi. Strategy is a public company, not my wallet.”
He also said Strategy has informed investors since 2020 that it may buy or sell Bitcoin as part of capital management. Saylor added, “Our shared conviction in Bitcoin remains unchanged.”
In another post, Saylor clarified the company’s monetization strategy. He wrote, “Strategy announced its BTC Monetization Program on June 29—31 days before our Q2 results, not after posting a loss. We have never had a ‘never sell’ policy. The program does not require any BTC sale, and we expect to remain a net buyer of Bitcoin over time.”
His comments addressed criticism that followed the company’s first disclosed Bitcoin sale after years of maintaining an aggressive accumulation strategy.
Despite the recent sale, Strategy remains the world’s largest corporate Bitcoin holder. The company continues to own 842,138 BTC, making its treasury one of the largest institutional Bitcoin positions in the market.
