Bitcoin nears $64,000 as traders look past Strategy's BTC sales and Coldcard sweeps
Every major token except ether is green on the week, with BTC up 1.9% over 24 hours and Asian equities selling off on AI-trade jitters.
Bitcoin climbed near $64,000 early Tuesday in Asian trading hours, up 2% over 24 hours and 1% over the past week. After briefly touching $62,250, it recovered steadily, edging past $64,100 overnight. Ether held steady near $1,865, though it declined 1% week-over-week, the only major cryptocurrency with a weekly loss. XRP edged up 1% to $1.08, marking a 2% gain for the week.
Binance Coin (BNB) increased 1.5% to $591, leading the major cryptocurrencies over the past seven days. Solana and Tron also saw modest gains of over 1% each.
The uptick in Bitcoin came despite the ongoing saga surrounding Coldcard, a hardware wallet. Galaxy Research has not confirmed whether the same entity behind previous sweeps is responsible for the latest wave, which moved roughly 449 bitcoins from 709 affected addresses. In a separate development, Strategy Treasury, a Bitcoin-focused investment firm, sold 1,638 bitcoins for approximately $105 million between July 27 and August 2, according to an SEC filing.
The sale occurred during a period when the company's holdings decreased to 842,138 bitcoins, after no purchases were made for over five weeks. CEO Michael Saylor explained that the proceeds were directed towards preferred dividends and buybacks, reducing the company's Bitcoin holdings but not impacting its overall financial strategy.
The firm's average sale price was $63,957, significantly lower than its $75,419 average cost basis, resulting in a net gain for shareholders.
Written by urgent.news from CoinDesk's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
