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Strategy Sells 1,637 Bitcoin, Holdings Drop to 842,138 BTC

Strategy Sells 1,637 Bitcoin, Holdings Drop to 842,138 BTC

Strategy sold 1,637 Bitcoin today, cutting its holdings to 842,138 BTC. It's a rare reduction for the company, which has been one of the largest corporate holders of the cryptocurrency.

The sale

The transaction brings Strategy's stash down from 843,775 BTC. The company didn't say why it sold or at what price. The 1,637 coins represent about 0.19% of its previous total.

What's left

After the sale, Strategy still holds 842,138 Bitcoin. That's enough to make it one of the biggest corporate Bitcoin holders in the world. The firm hasn't indicated any plans for more sales.

Large holders like Strategy are closely watched. Any move to sell can spark questions about their outlook. For now, the company is still sitting on a massive pile of Bitcoin.