MicroStrategy Offloads 491 Bitcoin, Shares Rally 8%, Bitcoin Price Steady
MSTR•An unconfirmed on-chain transfer revealed 491 bitcoin exiting a MicroStrategy-linked wallet, sparking speculation of another sale totaling roughly 0.3% of its 140,000 bitcoin reserves. MicroStrategy shares climbed nearly 8% while bitcoin price held within a 2% intraday range, underscoring a muted market impact.
1. Unconfirmed 491 Bitcoin Transfer
Blockchain data tracked an unconfirmed transfer of 491 bitcoin from a MicroStrategy-controlled address. This represents roughly 0.3% of its estimated 140,000 bitcoin reserves, prompting speculation the company executed another divestment.
2. Stock and Crypto Markets React
MicroStrategy shares climbed approximately 8% following the transfer report, while bitcoin price remained within a 2% trading band. The muted market reaction indicates investors view routine treasury adjustments as non-disruptive.
3. Implications for Treasury Strategy
The potential sale suggests MicroStrategy may periodically monetize small portions of its bitcoin stash to bolster liquidity or manage leverage. Stakeholders will await formal confirmation and any updated guidance on future capital allocation.
