A wallet associated with Strategy transferred 1,030 Bitcoin worth about $66.14 million on Aug. 5, according to onchain analytics platform Lookonchain. This movement came two days after Strategy officially disclosed a Bitcoin sale of 1,638 BTC, worth $104.73 million, between July 27 and Aug. 2. The company received the proceeds after fees, with an average sale price of $63,957 per Bitcoin.
Background Context
The transfer has raised questions about Strategy's changing treasury policy, with Lookonchain asking if the company is dumping BTC again. However, wallet attribution does not establish the purpose or legal ownership of the transferred Bitcoin. Strategy's public Bitcoin ledger still lists 842,138 BTC following the company's Aug. 3 update, and confirmation of a sale would require a company disclosure or other evidence showing that ownership changed.
Recent Sales
Strategy confirmed that it sold 1,638 BTC between July 27 and Aug. 2, with the proceeds used to fund preferred stock dividends and repurchases of its STRC preferred shares. The company's remaining 842,138 BTC had an aggregate purchase price of $63.51 billion and an average cost of $75,419 per coin. Separately, MARA transferred 6,000 BTC, worth approximately $384.6 million, to addresses identified as belonging to Two Prime, which could relate to asset management or another financial transaction.
