Strategy Bitcoin Wallet Transfers $66M in BTC While Holdings Stay Unchanged
Strategy Bitcoin Wallet Transfers $66M in BTC While Holdings Stay Unchanged
The latest transfer by Strategy, Michael Saylor's company, involved moving $66 million worth of BTC. The transaction occurred approximately two hours ago and adds to a series of recent treasury-related Bitcoin movements involving the company's wallets.
According to CoinGecko, Bitcoin is currently trading at $64,104, rising 0.37% over the last 24 hours, with a daily trading volume of $35.08 billion and a market dominance of 58.72%. The latest transfer follows recent balance sheet changes disclosed in a filing with the U.S. Securities and Exchange Commission (SEC).
Between July 28 and Aug. 2, Strategy sold 1,638 BTC, earning $104.73 million in net proceeds. After selling, Strategy's holdings of BTC fell to 842,138 BTC purchased for $63.51 billion at an average cost of $75,419 per Bitcoin.
Such transactions by corporations with Bitcoin usually represent changes in custody, treasury management, collateral movements, or internal restructuring instead of liquidation. Market players and blockchain analysis professionals pay attention to transactions of the company due to its significant holdings of Bitcoins, which are among the largest in the world.