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Strategy Sold 1,638 BTC—Yet the Market ReboundedThe most interesting part of this isn’t how much Strategy sold—it’s that after it sold, the market didn’t drop according to many people’s scripts.
On August 3, Strategy disclosed that between July 27 and August 2, the company sold 1,638 bitcoins$BTC at an average price of about $63,957, for a total amount of about $104.7 million. At the same time, the company still held 842,138 BTC, with an overall cost basis average of about $75,419.
When many people see “Strategy selling BTC,” their first reaction is: Does Saylor not believe in it anymore? Is Bitcoin done for?
Don’t rush to prepare a coffin for someone else, bro.
Strategy Sold 1,638 BTC—Yet the Market Rebounded
The most interesting part of this isn’t how much Strategy sold—it’s that after it sold, the market didn’t drop according to many people’s scripts.
On August 3, Strategy disclosed that between July 27 and August 2, the company sold 1,638 bitcoins$BTC at an average price of about $63,957, for a total amount of about $104.7 million. At the same time, the company still held 842,138 BTC, with an overall cost basis average of about $75,419.
When many people see “Strategy selling BTC,” their first reaction is: Does Saylor not believe in it anymore? Is Bitcoin done for?
Don’t rush to prepare a coffin for someone else, bro.
On August 3, Strategy disclosed that between July 27 and August 2, the company sold 1,638 bitcoins$BTC at an average price of about $63,957, for a total amount of about $104.7 million. At the same time, the company still held 842,138 BTC, with an overall cost basis average of about $75,419.
When many people see “Strategy selling BTC,” their first reaction is: Does Saylor not believe in it anymore? Is Bitcoin done for?
Don’t rush to prepare a coffin for someone else, bro.
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