Key facts
- A wallet associated with Michael Saylor's Strategy moved 1,030 Bitcoin.
- This transfer occurred shortly after Strategy sold 1,638 Bitcoin for $105 million.
- The company has moved all Bitcoin from the originating wallet.
- Analysts have lowered price targets for MSTR stock.
- Strategy has recently adopted a policy of occasional Bitcoin sales to bolster USD reserves.
A wallet connected to Michael Saylor's company, Strategy, has moved 1,030 Bitcoin, valued at over $66 million, to other wallets. This activity has fueled speculation within the crypto community about potential further sales. The transactions follow Strategy's recent sale of 1,638 Bitcoin, which generated $105 million and put pressure on the company's stock, MSTR.
On-chain analytics firm Lookonchain reported the multiple transactions from the Strategy-linked wallet. Data from Arkham indicated that the transfers occurred in quick succession, with amounts ranging from $6 million to $21 million. Earlier in the week, Strategy had also transferred 300 Bitcoin, worth nearly $19 million. Experts, such as Ted Pillows, have noted that similar transaction patterns in the past have preceded actual sales.
Strategy has now moved all Bitcoin from the originating wallet. The company has not officially commented on the purpose of these latest transfers, leaving it unclear whether they indicate another sale, a custody change, or a wallet reorganization. This move marks a departure from Strategy's long-standing "never sell" approach, as the company has begun making occasional sales to increase its U.S. dollar reserves, which are needed to fund STRC dividends. The company currently holds $4 billion in USD reserves.
Michael Saylor's Strategy reported a net loss of $8.22 billion in the second quarter of 2026, largely due to a significant loss on its Bitcoin holdings amid a price decline. The MSTR stock price closed 2.94% higher on Tuesday, mirroring a broader market rebound, but remains down 50% year-to-date. In premarket trading, the stock is under pressure. Analysts at Barclays, Clear Street, Cantor Fitzgerald, and B. Riley have reduced their price targets for MSTR, citing a bearish outlook for Bitcoin.