NewsSOS
Strategy Inc sold 1,638 bitcoin last week for $104.7 million, reducing the company's total holdings to 842,138 BTC, the company disclosed.
Executive chairman Michael Saylor said he has never personally sold any of his bitcoin. The sale Strategy Inc reported the transaction, the company said.
The 1,638-BTC sale generated $104.7 million in proceeds, the release shows, and left the firm's balance sheet holding 842,138 BTC. The disclosure provides no rationale for the timing or scale of the sale.
No open interest data, funding rate context, or detail on how the trade was executed accompanied the filing. A holder with 842,138 BTC on its books selling 1,638 coins raises straightforward questions.
Keep reading