Strategy-linked wallet moves 1,030 BTC after $105M sale
A wallet identified by onchain analytics platform Lookonchain as being associated with Strategy transferred 1,030 Bitcoin worth about $66.14 million on Aug. 5.
Summary
- A suspected Strategy wallet moved 1,030 Bitcoin, but no official sale has been confirmed yet.
- Strategy officially sold 1,638 Bitcoin last week, raising $104.73 million for preferred dividends and repurchases.
- Strategy reported 842,138 Bitcoin holdings, acquired for $63.51 billion at an average $75,419 per coin.
- MARA transferred 6,000 Bitcoin to Two Prime, where it already maintains managed institutional investment arrangements.
- MARA previously allocated 2,000 Bitcoin to Two Prime’s institutional yield strategies under a managed account.
The movement came two days after Strategy officially disclosed another Bitcoin sale, increasing scrutiny of the company’s changing treasury policy. Lookonchain’s post described the addresses as wallets linked to Strategy.
However, Strategy has not confirmed that the latest transfer represented a sale. Its most recent Securities and Exchange Commission filing reported holdings of 842,138 BTC as of Aug. 2. No later filing had reduced that figure when this report was prepared.
Strategy transfer is not yet a confirmed Bitcoin sale
Lookonchain asked, “Is Michael Saylor’s Strategy dumping BTC again?” The wording reflects uncertainty. Wallet attribution can indicate that an address is likely connected to an organization, but an onchain transfer alone does not establish its purpose or legal ownership.
Bitcoin can move between custodians, internal wallets, trading accounts and settlement addresses without being sold. Confirmation would require a company disclosure, an identified exchange deposit followed by trading activity, or other evidence showing that ownership changed.
Strategy’s public Bitcoin ledger still lists 842,138 BTC following the company’s Aug. 3 update. The ledger records transactions reported by Strategy rather than every transfer attributed to the company by external analytics firms.
The latest movement occurred after the Aug. 2 reporting cutoff in Strategy’s filing. It could therefore appear in a later update if it represents a sale under the company’s Bitcoin monetization program.
Strategy officially sold 1,638 BTC for $104.73 million
Strategy confirmed that it sold 1,638 BTC between July 27 and Aug. 2. The company received $104.73 million after fees, equal to an average sale price of $63,957 per Bitcoin. The official figure is higher than the roughly $102.4 million cited in some early reports.
Strategy used $52.4 million of the proceeds to fund preferred stock dividends. It directed the remaining $52.3 million toward repurchases of its STRC preferred shares. The company separately bought back 912,143 STRC shares for $81.2 million during the period.
Its remaining 842,138 BTC had an aggregate purchase price of $63.51 billion and an average cost of $75,419 per coin. The company also reported a $4 billion U.S. dollar reserve, including unsettled proceeds from common stock sales.
The transaction was permitted under Strategy’s Bitcoin monetization framework, which its board approved in June. The framework allows Bitcoin sales to support the cash reserve, pay dividends or interest, and finance approved security repurchases. It does not require Strategy to sell any specific amount.
As crypto.news reported, the Aug. 3 disposal followed earlier sales that marked a departure from Strategy’s previous focus on continuous accumulation. Its ledger shows four reported 2026 sales totaling 5,258 BTC.
MARA’s Two Prime transfer may involve asset management
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. Two Prime manages institutional trading, lending and Bitcoin yield strategies.
An SEC filing showed that 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. Those possibilities remain unconfirmed. MARA’s 2025 annual report says it may buy or sell Bitcoin depending on market conditions and capital allocation priorities.
In related coverage, crypto.news reported that MARA increased its holdings to 36,303 BTC in June after selling 15,133 BTC during March to support a $1 billion convertible debt repurchase.
Official filings will determine whether more Bitcoin was sold
Bitcoin traded near $64,387 at the time of reporting, up about 0.95%. Strategy shares rose approximately 2.9% 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. Its next update should show whether the 1,030 BTC movement changed the company’s reported holdings.
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.