🚨 Strategy didn’t sell a single Bitcoin for two weeks, yet quietly raised $2.35 billion—Is the world’s largest BTC holder about to “change face”?
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Bitfinex’s latest report: From late May to early August, Strategy cumulatively sold 6,948 BTC, cashing out about $432.5 million. But in the last two weeks, it has completely stopped. The pause in selling has removed the emotional haze that had been weighing on the market for three months—turns out the fear of a “whale dumping,” more than the actual sell volume, is what hurts the most.
Putting numbers in perspective: The real “ammunition” came from share issuance. From August 17 to 23, Strategy raised a net $2.01 billion by issuing about 18.26 million shares of MSTR stock—6 times the prior week. Add the previous week’s $334 million, and total funding over the two weeks is about $2.35 billion—yet not a single cent was used to buy BTC. Where the money went: preferred share repurchases of $136 million, the USD reserve growing to $5.1 billion, and a newly set up cash account of about $1.59 billion—total reserves of roughly $6.69 billion.
Cross-analysis: This is a switch in the “financing method”—from selling coins for cash to issuing stocks for cash. BTC holdings have stayed steady around 840,000 coins with no movement, suggesting management is keeping the “chips” tighter—using equity dilution in exchange for cash flow to protect the coin-first position.
What’s truly worth watching is the signal: the world’s largest institutional holder has had two consecutive weeks with zero selling, and the biggest structural sell pressure in the market has temporarily disappeared. If it resumes accumulation afterward, it could become a new round of sentiment catalysts.
A splash of cold water: Share-issued financing dilutes the BTC value per share. If BTC drops back into the $60,000 range, the financing window may narrow, and selling pressure could return.
👀 Whale stops selling + goes on a stock issuance spree—do you think this is bullish or a disguised harvest? Drop a comment and let’s discuss.
Click the avatar to watch the live broadcast, and join the Jiujiu chat group to get daily strategy 🚀
#比特币 #Strategy #机构持仓 #MSTR #cryptomarket
Group: 点击进入玖玖的粉丝群
Bitfinex’s latest report: From late May to early August, Strategy cumulatively sold 6,948 BTC, cashing out about $432.5 million. But in the last two weeks, it has completely stopped. The pause in selling has removed the emotional haze that had been weighing on the market for three months—turns out the fear of a “whale dumping,” more than the actual sell volume, is what hurts the most.
Putting numbers in perspective: The real “ammunition” came from share issuance. From August 17 to 23, Strategy raised a net $2.01 billion by issuing about 18.26 million shares of MSTR stock—6 times the prior week. Add the previous week’s $334 million, and total funding over the two weeks is about $2.35 billion—yet not a single cent was used to buy BTC. Where the money went: preferred share repurchases of $136 million, the USD reserve growing to $5.1 billion, and a newly set up cash account of about $1.59 billion—total reserves of roughly $6.69 billion.
Cross-analysis: This is a switch in the “financing method”—from selling coins for cash to issuing stocks for cash. BTC holdings have stayed steady around 840,000 coins with no movement, suggesting management is keeping the “chips” tighter—using equity dilution in exchange for cash flow to protect the coin-first position.
What’s truly worth watching is the signal: the world’s largest institutional holder has had two consecutive weeks with zero selling, and the biggest structural sell pressure in the market has temporarily disappeared. If it resumes accumulation afterward, it could become a new round of sentiment catalysts.
A splash of cold water: Share-issued financing dilutes the BTC value per share. If BTC drops back into the $60,000 range, the financing window may narrow, and selling pressure could return.
👀 Whale stops selling + goes on a stock issuance spree—do you think this is bullish or a disguised harvest? Drop a comment and let’s discuss.
Click the avatar to watch the live broadcast, and join the Jiujiu chat group to get daily strategy 🚀
#比特币 #Strategy #机构持仓 #MSTR #cryptomarket
