On-chain analytics platform Lookonchain noted this transfer, questioning whether "Strategy's Michael Saylor is dumping $BTC again," after wallets linked to the company sent 1,030 $BTC worth approximately $66.14 million. Other analysts confirmed the information, noting that the coins left addresses presumably belonging to Strategy about two hours before the post was published.
It is also worth mentioning that at the end of last month, analysts examining on-chain data recorded a transfer of 299.84 $BTC from a wallet linked to Strategy amidst intense speculation about a sale and a drop in MSTR stock due to these rumors. A few days later, the company reported that from July 27th to August 2nd, it sold 1,638 $BTC worth approximately $104.7 million at an average price of $63,957 per coin (marking its third bitcoin sale in 2026).
After this disclosure, Strategy was left with 842,138 $BTC, valued at about $52.6 billion with bitcoin priced around $64,000. This holding still represents roughly 4% of the 21 million coins that will ever exist and remains the largest corporate bitcoin treasury in the world to date.
Sale for Balance Sheet Optimization
According to the company, proceeds from the recent sales were used "to fund preferred stock payments and to repurchase STRC stock" — Strategy's preferred shares. These sales are part of the company's expanded bitcoin monetization program, which is a component of its "Digital Credit Capital Framework" concept, permitting the sale of up to $5 billion worth of bitcoin.
This turn marks a sharp reversal for a company that has been the most active corporate bitcoin accumulator for over five years and whose executive chairman repeatedly vowed the company would never sell its assets. Strategy acquired its coins at an average price of $75,419 (total cost approximately $63.5 billion), resulting in a paper loss of nearly $10.9 billion at current prices.
Saylor, for his part, continues to post optimistic content about bitcoin for his millions of followers.
What to Watch Going Forward
The movement of 1,030 $BTC recorded on Wednesday has not yet been confirmed as a sale. However, the two previous spikes in wallet activity were followed by confirmed sales within days, and traders will be closely watching this movement as well.
In the context of the market situation, these flows are hard to ignore, given that bitcoin hit $64,360 on Monday before its advance stalled, and Bitfinex analysts warned of downside risks if momentum weakens. Each confirmed batch of Strategy's sales adds supply to a market already struggling to hold above $64,000, with the July sale executed at an average price below the company's own cost basis.
A more important question is how far the sales will go. Given that the monetization program allows for $5 billion in sales, and only about $105 million was sold in the last round, Strategy still has significant capacity left. For a market that for years viewed the company's relentless buying as structural support, every new notification of wallet movement serves as a reminder that flows are now moving in both directions.
