Key Takeaways:
A Strategy-linked wallet transferred 1,030 Bitcoin worth $66.14 million on Aug. 5, two days after the company confirmed its third sale of 2026.
"Is Michael Saylor's Strategy dumping BTC again?" Lookonchain asked on X, though the analytics firm cautioned that a transfer alone does not establish a sale. Strategy has not confirmed the latest movement in any SEC filing.
Strategy officially sold 1,638 BTC between July 27 and Aug. 2, receiving $104.73 million at an average price of $63,957 per coin, according to its Aug. 3 Form 8-K. The company directed $52.4 million to preferred stock dividends and $52.3 million to repurchases of its STRC preferred shares. It separately bought back 912,143 STRC shares for $81.2 million during the period.
Strategy's next disclosure will determine whether the 1,030 BTC movement reduced its reported 842,138 BTC holdings, which carry an average cost of $75,419 per coin. The company's Bitcoin monetization framework, approved by its board in June, permits sales to fund dividends, interest, and security repurchases.
Bitcoin can move between custodians, internal wallets, trading accounts, and settlement addresses without changing ownership. Confirmation of a sale would require a company disclosure, an identified exchange deposit followed by trading activity, or other evidence showing ownership changed.
Strategy's public Bitcoin ledger still lists 842,138 BTC following its Aug. 3 update. The ledger records transactions reported by the company rather than every transfer attributed to it by external analytics firms. The latest movement occurred after the Aug. 2 reporting cutoff in Strategy's filing and could appear in a later update if it represents a sale.
The Aug. 3 disposal followed earlier sales that marked a departure from Strategy's previous focus on continuous accumulation. The company posted an $8.2 billion Q2 loss, driven almost entirely by unrealized paper losses on its Bitcoin holdings, which were more than 40 percent lower at the end of the quarter compared to Q2 2025.
Separately, Lookonchain reported that MARA transferred 6,000 BTC, worth approximately $384.6 million at the time, to addresses identified as belonging to Two Prime. The analytics firm cautioned that the movement "doesn't necessarily mean a sale" and could relate to asset management.
MARA has an established financial relationship with Two Prime. In July 2025, the miner led a $20 million investment in the firm and expanded its managed Bitcoin allocation from 500 BTC to 2,000 BTC. An SEC filing showed MARA transferred 2,000 BTC into a separately managed account during 2025; the account held 1,903 BTC by Sept. 30 after recording a net trading loss of roughly 97 BTC.
The new 6,000 BTC transfer could expand the arrangement, move assets between custody accounts, or support another financial transaction. MARA's 2025 annual report says it may buy or sell Bitcoin depending on market conditions and capital allocation priorities. The miner increased its holdings to 36,303 BTC in June after selling 15,133 BTC during March to support a $1 billion convertible debt repurchase.
Bitcoin traded at $64,316 as of 14:30 UTC on Aug. 5, up 0.6 percent over 24 hours with $22.78 billion in volume and a $1.29 trillion market cap. The 24-hour range spanned $63,405 to $64,450. Strategy shares rose approximately 2.9 percent to $97.65 during the latest U.S. session, while MARA shares were nearly unchanged at $11.75. The market data showed no immediate broad selloff tied to the reported transfers.
Strategy says it will disclose material Bitcoin monetization through its customary Form 8-K filings and its public dashboard. MARA investors will similarly need an SEC filing or company statement to determine whether its 6,000 BTC remains under company ownership. Until those disclosures arrive, both movements should be treated as transfers rather than confirmed sales.
This article is for informational purposes only and does not constitute investment advice.
