Strategy, the world’s largest corporate Bitcoin holder, has sold hundreds of millions in BTC since June.
Last week alone, they dumped 1,690 BTC for $108.6 million. Total sales since May: 6,948 BTC for $432.5 million. This marks their first Bitcoin sales since 2022.
Our read: Strategy is no longer a pure HODL play. Despite claims of "never being a net seller," they're actively managing capital, using BTC to fund dividends and stock repurchases. This removes one of BTC’s few large, consistent buy-side pressures, especially in a fear market.
BTC is below its EMA20 ($64,200) and EMA50 ($64,440). Lose the 24h low of $63,806, and the market tests lower. $BTC
Last week alone, they dumped 1,690 BTC for $108.6 million. Total sales since May: 6,948 BTC for $432.5 million. This marks their first Bitcoin sales since 2022.
Our read: Strategy is no longer a pure HODL play. Despite claims of "never being a net seller," they're actively managing capital, using BTC to fund dividends and stock repurchases. This removes one of BTC’s few large, consistent buy-side pressures, especially in a fear market.
BTC is below its EMA20 ($64,200) and EMA50 ($64,440). Lose the 24h low of $63,806, and the market tests lower. $BTC