Strategy’s 6,948 BTC Sales Weighed on Bitcoin Sentiment, Bitfinex Says

The two-week pause in Strategy’s Bitcoin sales removed a key headwind in market sentiment after offloading 6,948 BTC between May and August, according to a report by Bitfinex. Although the volume sold turned out to be marginal compared to global spot trading, the company’s status as the largest corporate holder amplified the psychological impact and fueled the bearish narrative among traders.

To cover dividend payments and share repurchases of STRC preferred stock without liquidating more crypto assets, the company raised $2.01 billion by issuing MSTR common shares. This maneuver boosted its liquid reserves to $6.69 billion, staving off the need for forced short-term sales and keeping 840,447 BTC intact—currently in profit above its average acquisition cost.

For now, Strategy maintains a neutral stance while prioritizing the stability of its liabilities before resuming massive open-market purchases. Going forward, the sector will closely watch whether the price recovery of the pioneer cryptocurrency and the return of STRC to par open the door to a new phase of corporate accumulation.

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