According to CoinMeta, an analyst noted that the sale of 6,948 BTC by Strategy between May and August triggered changes in market sentiment. Although these sales volumes are relatively small compared to the daily spot trading volume, as the largest corporate holder of Bitcoin, Strategy's weekly sales had a significant impact among traders. The analyst stated that although these sales did not cause a significant supply shock, the weekly disclosures still kept the market on alert for more Bitcoin entering the market. Strategy's latest 8-K report showed that as of August 23, its Bitcoin holdings remained at 840,447 BTC, with no purchases or sales occurring.