by Coinstrooper Crypto Articles
Quick Take
  • A wallet reportedly belonging to Strategy (formerly MicroStrategy) transferred another 1,030 Bitcoin (BTC), worth roughly $66.14 million, on Wednesday.
  • Strategy has not confirmed any sale, and the transfer alone does not prove one.
  • Still, the timing has revived questions about the company’s shrinking Bitcoin reserve.
  • Follow us on X to get the latest news as it happens

What Happened

A wallet reportedly belonging to Strategy (formerly MicroStrategy) transferred another 1,030 Bitcoin (BTC), worth roughly $66.14 million, on Wednesday. On-chain tracker, Lookonchain, flagged the move.

Strategy has not confirmed any sale, and the transfer alone does not prove one. Still, the timing has revived questions about the company’s shrinking Bitcoin reserve.

Follow us on X to get the latest news as it happens

Market Context

The suspicion is not unfounded. Strategy disclosed on Monday that it sold 1,638 BTC last week at an average price of $63,957.

Executive Chairman Michael Saylor has defended the sales as corporate capital management rather than a change in conviction.

The company sold coins at prices below its $75,419 average cost basis to fund preferred dividends and STRC stock repurchases. Those obligations reached $400.7 million in the second quarter alone.

Why It Matters

“The transfer doesn’t necessarily mean a sale—it could be for asset management,” Lookonchain noted.

Details

MicroStrategy Sale Speculation Builds After Last Week’s Disclosure

That sale raised roughly $104.7 million and reduced holdings to 842,138 BTC, valued at nearly $54 billion at press time. Lookonchain had reported a similar wallet movement earlier, when 299.84 BTC left a Strategy-linked address.

“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 said.

MARA Moves 6,000 Bitcoin to Two Prime

Meanwhile, Bitcoin miner MARA transferred 6,000 BTC, worth around $384.6 million, to Two Prime within five hours.

That reading has some basis. MARA holds an equity stake in Two Prime and allocates Bitcoin to the firm’s strategies.

However, MARA has also sold before, offloading 15,133 BTC in March to retire $1 billion in convertible debt. The miner still holds 36,303 BTC, worth approximately $2.34 billion.

Strategy’s next weekly disclosure will show whether Wednesday’s transfer became a sale or a custody reshuffle.

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The post Saylor’s MicroStrategy Linked to Fresh $66 Million Bitcoin Transfer appeared first on BeInCrypto.