MicroStrategy refuses to sell any of its purchased Bitcoins across all transactions despite severe market declines including the new Bitcoin market price drop to $83,000. Bitcoin accumulation data demonstrates that MicroStrategy did not sell any of its Bitcoins since starting its accumulation strategy in 2020.
The operational analytics company CryptoQuant shows that MicroStrategy maintains decisive commitment to long-term Bitcoin acquisition activities. The company maintained a complete lack of Bitcoin sales since its market entry in 2020.
The accumulative strategy of MicroStrategy is evident through CryptoQuant charts which establish the acquisition of 55,500 BTC during early 2025 when Bitcoin traded at above $100,000.
MicroStrategy has stayed committed to holding all its Bitcoin positions during three widespread declining price cycles from 2021 through 2023. The holding strategy at MicroStrategy remained steady across every market condition, including periods of volatile movements and times when the BTC price rallied. Currently, the company maintains an exclusive Bitcoin holding strategy where it has purchased but never sold its Bitcoin assets during the previous five-year period.
Institutional Activity and Dormant BTC Wallet Movements
In October 2024, the firm’s Chairman Michael Saylor announced the firm’s newly titled, “21/21 Plan,” which would include raising capital through to 2027 in a structured way. In comparison to the formal presentation last year, the company’s strategy of acquiring Bitcoin dates back further, first being pursued from mid 2020. On the day of the announcement, MicroStrategy’s market capitalization was $74.08 billion.
Market turbulence that was triggered by news of tariffs led Bitcoin’s price to steeply fall from $88,000 to $83,000 on Wednesday, April 2. This also led to a drop in several crypto related stocks in after hours trading with MicroStrategy’s shares tumbled 7%. Even though the market pressure, the tech firm refrained from selling Bitcoin under any circumstances.
Maarten, an analyst on Cryptoquant, pointed out that 15,838 BTC was transferred out of previously dormant addresses within a period between 3 and 7 years.
The structuring of Maarten’s analysis shows that 13,707 BTC was affected from wallets having aged from two to five years and additionally the underlying 2,131 BTC that came from dormant addresses from two to five years. After November 2024, which brought with it the surge in movement as the purchases of ETFs picked up and a flood of institutional players acquired MicroStrategy’s shares, these movements had gathered momentum.
But even as these long dormancy wallets lose their awareness to the rate of activity related to them, recent on chain data suggests they have served it down and down slowly.
