Bankless · Friday, July 10, 2026
Michael Saylor's MicroStrategy sold 3,588 Bitcoin, raising $216 million, yet the price of Bitcoin increased by 3% during the week. This sale, significantly larger than a previous one, was absorbed by the market, leading to speculation that it marks a bottoming signal for Bitcoin. The market appears to be pricing in these sales as an orderly way for Saylor to manage his company's obligations.
“This week, Saylor sold 3,588 Bitcoin, and Bitcoin went up 3%.”
“The biggest piece of information for me on this is Saylor sold a lot in comparison to what he sold last time. So 32 ETH, or 32 Bitcoin is what he sold last time. He sold 3,588, so way more. He raised $216 million, which is like, One and a half months of dividend coverage.”
“And so I do think it's bullish that Michael Saylor is selling because he needs to become, in my opinion, irrelevant to the market.”
“So my probability is going up. So now you're waiting, you're waiting is basically that you're what, 60%, something like this? 60-ish, 60% chance that that was the bottom. That we've already seen the bottom. That 58K was the bottom. 57 and a half K, I think was the pico bottom.”