Strategy Deposits $30M BTC to Coinbase Prime, Stirs Sell-Off Speculation
Strategy (formerly MicroStrategy), the largest corporate Bitcoin holder, deposited 411.48 BTC (worth ~$30.3 million) into Coinbase Prime, its first major direct on-chain transfer to an exchange in nearly two years. The deposit, flagged by Lookonchain and confirmed by Arkham Intelligence, involved two primary transfers of ~205.3 BTC and ~206.2 BTC. Strategy holds approximately 843,738 BTC valued at over $62 billion. The move sparked intense sell-off speculation, with Polymarket predicting a 91% chance of Strategy selling any Bitcoin before December 2026. However, Bitcoin price remained stable around $73,000-$74,000, showing market resilience. Analysts suggest the transfer could support OTC trades, collateral arrangements, or capital management without breaking the long-term HODL strategy. Michael Saylor's earlier comments about tactical selling for dividends or debt management add context. The event underscores Strategy's influence on Bitcoin market sentiment.
Key facts
- Strategy deposited 411.48 BTC ($30.3M) to Coinbase Prime, first such transfer in two years.
- Polymarket shows 91% probability of Strategy selling BTC before end of 2026.
- Bitcoin price stable around $73K-$74K despite sell-off speculation.
- Analysts suggest transfer may be for OTC trades, collateral, or debt management.
- Strategy holds 843,738 BTC, worth over $62 billion.