Strategy sells 1,690 BTC for $108.6M, average price $64,262
Macro & Markets ·
The bitcoin-focused fund disclosed a sale of 1,690 BTC worth $108.6 million, marking a rare reduction in its holdings.
Strategy sold the bitcoin at an average price of $64,262 per coin, according to a disclosure covered by wublockchain.xyz. The transaction, also flagged in a separate post on x.com, was corroborated across multiple accounts describing the same figures: 1,690 BTC, $108.6 million, and the $64,262 average price.
One version of the reporting attributes the move to MicroStrategy, stating the proceeds were used to fund share buybacks and that the company's cash reserves rose to $4.65 billion as a result. A separate account in the same cluster describes the seller as a "US government entity Strategy," a characterization that diverges from the corporate framing and was not reconciled across the available material. The filing itself was referenced as an SEC filing in at least one account, though the specific form or date was not detailed in the material reviewed.
The sale stands out because Strategy has been known primarily for accumulating bitcoin rather than disposing of it, making any disclosed reduction in holdings notable regardless of size relative to its total position. None of the corroborating accounts specify what portion of the company's overall bitcoin holdings the 1,690 BTC represents, nor do they clarify the cost basis of the coins sold, which would determine whether the transaction was executed at a gain or a loss relative to acquisition price.
Four distinct sources were identified as covering this cluster, with consistent figures across the reports: 1,690 BTC, $108.6 million in proceeds, and a $64,262 average sale price. The consistency of these numbers across separate accounts lends some confidence to the core transaction details, even as the identity and rationale attributed to the seller vary.
What remains unresolved includes the precise identity of the selling entity, given the conflicting references to MicroStrategy and a "US government entity Strategy," as well as confirmation of the stated use of proceeds for share buybacks and the resulting increase in cash reserves to $4.65 billion. Also unclear is whether this sale represents an isolated transaction or the start of a broader shift in strategy for an entity previously associated with continuous bitcoin accumulation. Further detail from an official filing or statement would be needed to clarify the seller's identity and the transaction's context within the entity's broader holdings.