Strategy Turns Net Bitcoin Seller After $237 Million in Sales as BTC Jumps Above $77,000
Updated
Updated · The Motley Fool · Aug 21
Strategy Turns Net Bitcoin Seller After $237 Million in Sales as BTC Jumps Above $77,000
3 articles · Updated · The Motley Fool · Aug 21
Summary
Strategy has become a net Bitcoin seller for the first time, unloading about $237 million since June even as Bitcoin rebounded more than 20% from roughly $63,000 to above $77,000.
The shift follows a sharp improvement in its treasury position: the company holds 840,447 Bitcoin—about 4% of supply—now valued near $65 billion against an average cost basis of $75,385.
Sales included a $2 million disposal on June 2, a roughly $135 million sale in July and two more August sales above $100 million combined, after briefly resuming purchases in late June.
Strategy is also selling equity and repurchasing preferred shares, signaling a move toward liquidity management and preserving its Bitcoin treasury rather than expanding it aggressively.
Michael Saylor still backs Bitcoin long term, but the retreat by one of corporate crypto's biggest advocates suggests a more cautious stance even as the rally revives the digital-gold thesis.