Bitcoin (CRYPTO: BTC) faces a fresh test after Michael Saylor’s Strategy (NASDAQ:MSTR) sold 3,588 BTC, worth about $216 million, to fund dividends on its preferred stock offerings.
Heavy Selling, But Net Buyer
In an X post on July 6, industry expert Jesse Myers explained that Strategy remains a net buyer of BTC.
He noted Strategy acquired 85,296 BTC in the second quarter while selling just 3,620 BTC, a roughly 22.5-to-1 buy-to-sell ratio.
Myers argued that the limited sales are intended to strengthen credit market access and finance even larger future Bitcoin purchases rather than signal a shift away from its accumulation strategy.
