المنشور

Strategy Sells BTC Again: What Signal Is the Whale Sending? Strategy has sold Bitcoin again — and the market should look beyond the 1,690 BTC figure. During August 3–9, Strategy sold 1,690 $BTC worth approximately $108.6 million, at an average price of $64,262 per BTC. The proceeds were used to repurchase approximately 1.15 million STRC preferred shares. One week earlier, Strategy sold another 1,638 $BTC, generating approximately $104.7 million. In two weeks, the company sold more than 3,300 BTC, worth over $213 million. Yet Strategy still holds approximately 840,447 $BTC, with a total cost basis of around $63.36 billion, or roughly $75,385 per BTC. Its U.S. dollar reserve has increased to approximately $4.65 billion. This looks more like a liquidity strategy than abandoning Bitcoin. Strategy is converting BTC into liquidity to strengthen its balance sheet and repurchase STRC, while also raising approximately $653.1 million through MSTR share sales. But one signal cannot be ignored: Strategy has gone several weeks without buying Bitcoin while continuing to sell BTC. If this continues, the market will ask: Is institutional demand taking a temporary pause, or are corporate Bitcoin strategies entering a new phase? Selling 1,690 BTC remains small compared with its 840,447 BTC holdings. It does not prove Strategy has turned bearish. The real signal is frequency. Markets trade not only on supply, but on the belief that large buyers will absorb it. When a major corporate Bitcoin holder shifts from “buy BTC” to “optimize liquidity,” sentiment adjusts. Strategy has not turned its back on Bitcoin. But during volatility, liquidity can matter as much as conviction. If $BTC remains under pressure while institutional demand fails to return, the risk could extend beyond a single sale. But if Strategy stops selling and resumes accumulation, it could signal renewed institutional confidence in Bitcoin. Watch what Strategy does next — not just what it did today. This is personal analysis, not financial advice. #StrategySellsBTCAgain #BTCETHETFFlowsDiverge $BTC