TECH Signal 404
Michael Saylor's Strategy sold 1,638 bitcoin for ~$104.7M, reducing its holdings to 842,138, or ~4% of total supply, with a $10.9B paper loss at current prices (James Hunt/The Block)
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WHY IT MATTERS
For engineers building financial or crypto systems, this sale by a major corporate holder indicates a potential shift in treasury strategy. The large paper loss underscores the volatility risk of concentrated bitcoin positions, but without corroborating sources, the broader context remains limited.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
01
Strategy sold 1,638 bitcoin for approximately $104.7 million.
02
Its remaining holdings of 842,138 bitcoin represent about 4% of the total bitcoin supply.
03
At current prices, the company has a paper loss of $10.9 billion on its bitcoin holdings.
THE CLUSTER
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Techmeme
Michael Saylor's Strategy sold 1,638 bitcoin for ~$104.7M, reducing its holdings to 842,138, or ~4% of total supply, with a $10.9B paper loss at current prices (James Hunt/The Block)
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