Strategy Transfers 1,030 BTC as Michael Saylor Addresses Bitcoin Sale Questions

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.

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