Strategy Movers 299.84 BTC Amid Speculation Over Future Sales
Michael Saylor's company Strategy has moved 299.84 BTC, worth approximately $18.91 million, sparking questions about whether they are preparing to sell more Bitcoin again.
This latest transfer was flagged by onchain tracker Lookonchain and is similar to a pattern seen before the company sold 3,588 BTC for about $216 million between July 1 and July 5.
The move has left investors wondering if Strategy is following a familiar strategy of selling Bitcoin before announcing it publicly.
Strategy has held an average price of $75,476 per coin for its 843,775 BTC, making it the largest corporate Bitcoin treasury in the world by a wide margin.