Michael Saylor, Executive Chairman of Strategy, assured that he has never sold a single satoshi from his personal holdings, drawing a clear distinction from his company's recent operations. The statement came after Strategy revealed the sale of 1,638 BTC worth approximately $104.7 million.
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Strategy sold 1,638 Bitcoins between July 27 and Sunday, August 3, in what represents its second-largest sale of the year by volume, according to a Form 8-K filed Monday with the SEC. The transaction was executed at an average price of $63,957 per unit, generating total proceeds of $104.7 million that the company allocated across two nearly equal destinations: $52.
Two reported movements nearly match the Bitcoin not identified as note collateral at March 31, but the comparison cannot confirm a sale or liquid balance.
The Hut 8 subsidiary increased its Bitcoin holdings by 14% in the second quarter even as Bitcoin's price fell.
American Bitcoin expanded its bitcoin reserve to 8,002 BTC in the second quarter, a 14% increase from the 7,021 BTC recorded in the previous quarter. The company mined a record 932 BTC during the period and posted mining revenues of $67 million, 8% more than in the first quarter. The net loss was $57.