Bitcoin News
By Jean-Luc Maracon
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Ten Weeks of Sales That Shook the Market. Back in June, Strategy sold 32 bitcoins. Thirty-two.
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A Shift in Financial Mechanics. The answer is likely more technical than it appears.
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Strategy, Still the Leader—But Under Scrutiny. Despite the summer sales, Strategy remains by far the world's leading publicly traded company in…
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Michael Saylor is back. The head of Strategy has announced the purchase of 4,603 bitcoins for $370 million—a move that ends ten weeks of silence on acquisitions.
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Strategy now holds 845,050 bitcoins in its portfolio. Valued at over $65 billion in total, this figure dwarfs the competition.
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Back in June, Strategy sold 32 bitcoins. Thirty-two. On a portfolio of several hundred thousand units, it seems anecdotal—except it wasn't.
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This was just the beginning. After these first 32 bitcoins, Strategy continued. In June, 1,638 bitcoins were sold for $104.7 million.
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On one hand, a company that since 2020 has built its reputation on accumulating bitcoin as a store of value.
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The answer is likely more technical than it appears. Strategy has changed its way of paying interest on its debt.
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It's a pivot. Not insignificant. And it partly explains why the summer sales don't look like a total capitulation—rather, mechanical balance sheet management.
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Related topic: Strive Buys 1,800 Bitcoins for $143 Million and Aims for More
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Related: Bitwise XRP ETF Surges Past $507 Million Amid Price Consolidation and Institutional Interest
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4,603 bitcoins for $370 million. After ten weeks without purchases. The timing is striking—Strategy sells massively all summer, then comes back strong as soon as the break ends.
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Except the company hasn't communicated about its future intentions. No press conference, no details on potential future purchases. We know what happened, not what will follow.
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Strategy has long served as a model. Dozens of companies have watched what Saylor was doing and tried to replicate the strategy: put bitcoin on the balance sheet, make it a…
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