Okay, so MicroStrategy ($MSTR) just did something many thought they'd never see: they actually sold some $BTC last week. This is definitely turning heads in the crypto space.
We're talking about 32 Bitcoin, which netted them roughly $2.47 million, with an average sale price around $77,135. For a company whose entire brand identity has been built on "buy Bitcoin and never, ever sell it," this marks their first divestment in more than three years.
Now, some might jump straight to 'bearish!' but let's remember this isn't entirely unprecedented. They did reduce holdings back on December 22, 2022, selling 704 $BTC when prices were around $16,776. That was a much larger chunk, comparatively speaking.
Is this a fundamental shift in strategy for MicroStrategy, or simply a tactical rebalancing of their balance sheet? It’s a very small fraction of their overall holdings, so while it grabs headlines, perhaps it’s less about a change of heart for Bitcoin and more about smart treasury management.