Anonymous Whale Sells 7,513 Bitcoins in Three Weeks, Involving Approximately $487 Million

An anonymous Bitcoin holder has sold 7,513 Bitcoins over the past three weeks, valued at approximately $487 million based on the prices at the time. The wallet transferred another 1,019 Bitcoins, worth about $66.4 million, roughly seven hours after a warning was issued by blockchain data analysis firm Lookonchain. During this period, Bitcoin prices remained relatively stable, with recent trading occurring within a narrow range, preventing similar large-scale transactions from triggering chain liquidations as seen in past cycles. Additionally, Strategy, a Bitcoin reserve company led by Michael Saylor, sold 1,638 Bitcoins between July 27 and August 2, generating approximately $105 million at an average price of $63,957 per Bitcoin. Strategy's Bitcoin liquidation plan has been approved for a maximum sale amount of $5 billion to pay for preferred stock dividends and other obligations; the company's average acquisition cost was $75,419 per Bitcoin, meaning selling below this price would result in a paper loss.

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