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Strategy Transfers 43,415 BTC To Several Addresses
Cryptocurrency analysis firm Arkham Intelligence has identified significant movement of Strategy’s BTC over the last day as prices dipped under the $100K mark. According to an X post, Strategy transferred 43,415 BTC to over 100 different addresses, a move that raised eyebrows among cryptocurrency investors.
A bird’s-eye view reveals that Strategy has been making similar heavy transfers over the last two weeks, moving funds from Coinbase Custody to a new custodian. A significant chunk of the latest transfers appears to be movement between addresses controlled by the new custodian.
Analysts at Arkham Intelligence noted that the movement of $4.26 billion in BTC does not imply a sale by the largest Bitcoin treasury company. The analytics firm noted that the transfers may represent the internal transfers of Strategy’s new custodian or internal Coinbase wallet refreshes.
“Strategy regularly undergoes wallet/custodian rotations – anyone monitoring Arkham’s Strategy entity for the past two weeks would have seen similar transfers take place, followed by a re-labelling of new custodian addresses,” read the Arkham Intelligence post.
 
Michael Saylor Denies Rumors Of A Selloff
Following the hefty transfers between addresses, several investors interpreted the moves as a signal of an imminent BTC sale. Strategy founder Michael Saylor took to X to dismiss claims that the company is selling off its Bitcoin holdings, saying there is no truth to the rumors.
In an interview, Saylor added that the company will continue its accumulation streak by announcing new BTC purchases in the coming days. His comments come on the heels of BTC price slipping below $100,000, with the Strategy founder pledging to buy the dip.
“We will report our next buys on Monday morning. I think people will be pleasantly surprised that we’ve been accelerating our purchases,” said Saylor.
In an X post, Saylor revealed that Strategy bought BTC every day of the week, stoking speculation for a hefty BTC purchase announcement. Early in the week, Strategy snapped up $50 million worth of bitcoin, bringing its total holdings to 641,692 BTC. For context, Strategy holds over 3% of the total amount of BTC in circulation, with a significant distance between it and second-placed Mara Holdings.
Source: https://zycrypto.com/michael-saylors-strategy-moves-43415-btc-to-over-100-addresses-heres-why/