Shares Remain Flat After 491-Bitcoin Transfer by MicroStrategy
MSTR•MicroStrategy appears to have transferred 491 bitcoins from a company-linked wallet, fueling speculation of another sale but shares remained flat on the day. The unconfirmed on-chain transfer failed to move the stock despite a 1.7% gain in Bitcoin prices.
1. Unconfirmed Transfer of 491 Bitcoin
On July 3, an on-chain record showed 491 BTC leaving a wallet linked to MicroStrategy, sparking speculation that the company executed another liquidation of its holdings. The transaction remains unverified but aligns with past patterns of timed bitcoin sales to fund operations or debt obligations.
2. Market Reaction Remains Flat
Despite the large movement of digital assets, MicroStrategy shares closed unchanged, contrasting with Bitcoin’s 1.7% intraday rally. Investors appear unconcerned by the potential sale, suggesting confidence in management’s long-term strategy or anticipation of further disclosures.
