Bitcoin News: Strategy Moved 411 BTC to Coinbase. Is the Largest Corporate Holder Ready to Sell?
The transfer fueled speculation after Michael Saylor said Strategy may sell bitcoin to help pay dividends and manage cash needs.
- On Thursday, Strategy transferred 411 Bitcoin, worth about $30.3 million, to a Coinbase Prime wallet, marking its first direct exchange transfer in nearly two years.
- Michael Saylor ended four years of "never sell" messaging on May 5, stating the company "will probably sell some bitcoin to pay a dividend" during its Q1 earnings call.
- Strategy holds 843,738 Bitcoin, making the 411 coins roughly 0.05% of its position. CEO Phong Le stated the firm maintains a $2.25 billion cash reserve deployed via hourly models.
- Polymarket traders pushed odds that Strategy will sell Bitcoin before December 31, 2026, up to 91%, as the company carries roughly $1.5 billion in annual dividend obligations on STRC preferred stock.
- Saylor told CoinDesk on May 11 that for every Bitcoin Strategy might sell, it would "buy 20," leaving analysts watching whether this deposit becomes routine or remains a one-off.
18 Articles
18 Articles
Strategy Moves Bitcoin To Coinbase: Here's What It Means For MSTR - Strategy (NASDAQ:MSTR)
Strategy Inc. (NASDAQ:MSTR) on Thursday deposited 411 Bitcoin (CRYPTO: BTC) worth $30.3 million into Coinbase Prime, pushing Polymarket odds of the company selling Bitcoin before year-end to 84%. Le Acknowledges Bitcoin Sale Is Possible, But Frames It As Accretive Strategy CEO Phong Le addressed the sale speculation directly in a Fox Business interview the same day. While long-term philosophy calls for accumulating Bitcoin, he acknowledged that …
Bitcoin News: Strategy Moved 411 BTC to Coinbase. Is the Largest Corporate Holder Ready to Sell?
The post Bitcoin News: Strategy Moved 411 BTC to Coinbase. Is the Largest Corporate Holder Ready to Sell? appeared first on 24/7 Wall St.. Quick Read Strategy sent 411.48 Bitcoin, worth $30.3 million, to a Coinbase Prime wallet on May 29, its first direct token transfer to an exchange in nearly two years. The deposit represents roughly 0.05% of Strategy’s 843,738 BTC position, but Polymarket odds that the company sells Bitcoin before December …
The bitcoins sent to Coinbase Prime were returned to a wallet attributed to Michael Saylor's company. The article "Strategy Moves Its Bitcoin Back and Calms the Market" was first published on CriptoNoticias - Bitcoin, Ethereum, and Cryptocurrency News.
Bitcoinist
Bitcoin InsiderBlackRock And Strategy Send 7,459 Bitcoin To Coinbase Prime – Will Demand Hold Up?
Bitcoin is struggling below $75,000 as the market faces uncertainty that has made directional conviction difficult to sustain across multiple sessions. The price is under pressure — and top analyst Axel Adler has identified a development in the institutional wallet data that adds a specific supply dimension to the current weakness that the price chart alone does not reveal. BlackRock and Strategy-affiliated wallets have moved Bitcoin into Coinba…
BITRSS
Cryptocurrency News | Cryptocurrency Prices | Market CapStrategy Moves 411 BTC to Coinbase Prime as Polymarket Sell Odds Hit 84%
Strategy has shifted 411 bitcoin to Coinbase Prime in its first direct exchange deposit in nearly two years, driving Polymarket’s odds of a 2026 bitcoin sale by the company to 84%. Strategy’s Move Raises Sell Fears Strategy (formerly Microstrategy),...
MSTR Stock Slides as Bitcoin Transfer and Dividend Concerns Draw Attention
Key Insights MSTR stock chart forms a head-and-shoulders pattern signalling further downside, especially if Bitcoin continues to weaken. Concerns over a potential Bitcoin sale intensified after Strategy transferred 411.48 BTC, worth roughly $30 million, to Coinbase Prime. Arca CIO Jeff Dorman warned that Strategy’s capital structure has become increasingly strained. Strategy shares resumed their decline this week after failing to hold gains mad…
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