Bankless · Thursday, August 13, 2026
Michael Saylor's MicroStrategy has sold another 1,691 Bitcoin, adding $650 million to its USD reserves over the past week. This marks the third consecutive week of significant Bitcoin sales by Saylor, leading to market speculation about its impact on Bitcoin's price. Despite these sales, Bitcoin has remained relatively flat, hovering just below its 200-week moving average.
“Also, Saylor, he sold some more Bitcoin. Dude, that's like three weeks in a row. I know. He keeps selling.”
“So, Michael Saylor did sell some Bitcoin this week and he positioned himself for his reserve and SDRC preferred shares in a little bit of a healthier cash position. So what happened on the week? 1,691 Bitcoin were sold over the last week, increasing the USD reserve by 650 million.”
“This is the third week in a row that Saylor has sold like a meaningful amount of Bitcoin. And I do think that this is kind of why we dipped under the 200 week moving average and we kind of like dipped to this week, even though we only did like a little bit.”