Strategy-linked wallets move 3,568 BTC as analyst rules out sale
Image: CoinGapeMichael Saylor's Strategy-linked wallets transferred 3,568 BTC worth about $297 million over nine hours, according to Lookonchain, prompting speculation about a possible sale. An analyst said the transfers were normal movements within Fidelity Custody and not a sale of Strategy's bitcoin. Strategy had bought 1,665 BTC, and its cash reserves stood at $6.02 billion.
Key points
- The transfers prompted speculation that Michael Saylor's Strategy might be selling bitcoin.
- An analyst said the transactions were normal movements within Fidelity Custody and not a sale.
Why it matters
The episode shows how large wallet movements can trigger sale speculation, while the analyst's custody explanation indicates the coins were not sold. Strategy's bitcoin purchases and cash reserves remain part of the context.
Price context · BTC
At publication
$83,073.00
Now
$82,543.00
Change since
−0.64%
7 days
Sources · 2 publishers
CoinCentral
Tier 3
Strategy (MSTR) Stock: $297 Million Bitcoin Transfer Sparks Selling Rumors
Coverage timeline
- First reported by CoinGape
- Also reported by CoinCentral
- CryptoVideos brief published
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