On Sunday, Strategy (formerly MicroStrategy) moved a staggering $796 million worth of Bitcoin into three newly created wallets. The transaction was uncovered by the blockchain analytics platform Lookonchain, which monitors real-time crypto movements.
🎯 The move appears to be aimed at improving asset security and custody management.
Currently, Strategy holds nearly 600,000 BTC, making it the largest public holder of Bitcoin. Just last week, the company announced a relatively modest purchase of $26 million worth of BTC, a small addition compared to its historical acquisitions.
❓ Has Michael Saylor Ever Sold Bitcoin?
Michael Saylor, co-founder and executive chairman of the company, is widely known as one of Bitcoin's most vocal and committed advocates. He has repeatedly stated that the firm's strategy is long-term holding, not selling.
"Bitcoin is our exit strategy," Saylor has declared. He emphasized that selling Bitcoin could irreparably damage community trust, and even claimed that Bitcoin supporters would "go berserk" if it ever happened.
Despite this, there was one exception in the company’s history. On December 22, 2022, MicroStrategy sold 704 BTC, solely for tax loss harvesting purposes. Remarkably, the company bought back 810 BTC just two days later for approximately $13.6 million – buying more than it had sold.
📊 This latest activity demonstrates that Saylor remains unwavering in his belief in Bitcoin. The transfer of funds into new wallets highlights a growing focus on security and institutional-level crypto asset management.
#MichaelSaylor , #MicroStrategy , #bitcoin , #BTC , #cryptotrading
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