Strategy, Michael Saylor’s company, sold 1,637 BTC for approximately $102.3 million last week, reducing its reserves to 842,138 BTC. This transaction is part of a treasury management strategy rather than an abandonment of the bullish thesis on bitcoin. The company remains by far the largest corporate bitcoin holder in the world, with a portfolio valued at approximately $52.65 billion, representing 4.01% of the total BTC supply. Saylor indicated that the sale allowed the company to increase its USD reserves by $250 million and repurchase $81 million worth of STRC.
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