Strategy Transfers $83M in Bitcoin Amidst Record Losses

Michael Saylor's Strategy has made its first significant transfer of Bitcoin since returning to activity after two months.

The firm's wallet moved approximately $83 million in Bitcoin to other wallets, according to Lookonchain data. This comes as the company faces over $9 billion in unrealized losses due to the ongoing downturn in the cryptocurrency market.

Experts speculate that this may be a repositioning transfer rather than a sale, but concerns remain about a potential sell-off. Strategy's latest acquisition was 592 Bitcoin, marking its 100th purchase made by the Michael Saylor-led company. The firm is currently the largest BTC holding company, far ahead of Mara Holdings.