February Marks First Drop For Bitcoin Treasuries: Sales Outnumber Purchases By 800 BTC
A recent report from Bitcointreasuries.net reveals a significant shift in February, as Bitcoin treasuries from public companies experienced their first net decrease, with sales outpacing purchases by approximately 800 BTC. While companies bought around 7,800 BTC (worth $522M), led predominantly by MicroStrategy (now Strategy) with 5,075 BTC, they collectively sold or reduced holdings by 8,600 BTC. This resulted in a net monthly reduction and a drop in the total dollar value of holdings from $102B to $78B, reflecting Bitcoin's price decline. Despite Strategy’s continued dominance—holding 717,722 BTC—and overall quarterly gains of 62,000 BTC, increased selling activity and new sale approvals suggest potential further reductions ahead. BTC traded at $71,090 at the time of writing.
bitcoinist03/14 14:31