Bitcoin Whale Sells $486M, Treasury Company Cuts 76% Holdings

A Bitcoin whale has been on an aggressive selling spree, dumping 7,513 BTC worth $486.9 million over the past three weeks.

According to Lookonchain, this whale sold another 1,019 BTC worth $66.4 million, bringing its total sales to $486.9 million.

This selling activity is putting pressure on the market, but Bitcoin has remained resilient with a slight price increase of 0.45% over the past day and 3% weekly gains.

Empery Digital, a treasury company, has also reduced its Bitcoin holdings by approximately 76%, selling 1,635 BTC worth $102 million since July.

The company's stock performance has been poor, with a 37% year-to-date decline and over 72% fall over the past year. It is likely that Empery Digital will sell or commit its remaining Bitcoin to meet its financial obligations.