BTC rose 7.7x to $126K after Strategy's 2022 sale

Bitcoin surged as much as 7.7 times to a high of $126,200 after Strategy's first major sale in 2022, The Crypto Basic reported. At the time, Strategy (Nasdaq: MSTR) sold 704 BTC for $11.8 million as part of a tax strategy but soon after repurchased 810 BTC, maintaining its accumulation policy. The outlet noted that, excluding this transaction, Strategy had not made any other significant sales until recently. It further analyzed that if this pattern were to repeat, a simple calculation suggests Bitcoin could rise to around $484,800.