[Data: Bitfury CEO Has Reduced Cipher Stock Holdings by 5% Since July] According to a report by Golden Finance, as the stock price of Bitcoin mining company Cipher Mining surged to a yearly high, entities associated with its largest external shareholder, Bitfury, and its CEO Valerijs Vavilovs, carried out a series of stock sales. Based on the latest Schedule 13D filing, the entity V3 Holding, wholly owned by Vavilovs, has been steadily reducing its holdings in Cipher since early July. Between July 8 and 9, V3 sold a total of 1.2 million shares at an average price of $6.13 per share, accounting for 2.6% of its direct holdings at the time. The filing states that this sale is part of V3 and Vavilovs' "disciplined, long-term strategy" aimed at achieving personal investment diversification and funding charitable initiatives, with a commitment that the number of shares sold in a single day would not exceed 5% of Cipher's average daily trading volume.