Strategy, founded by Michael Saylor, withdrew a total of 411.5 units of assets from Coinbase Prime (Coinbase’s institutional service) on May 29th to an address purportedly belonging to the company.
The move came just hours after the same funds were transferred to the exchange, and as reported by CriptoNoticias, the operation sparked speculation about a possible BTC sale by the company.
According to Arkham Intelligence records, On May 28th, Strategy transferred approximately 205 BTC and 206 BTC to the Coinbase Prime deposit address.
However, on May 29th, these funds were returned by Coinbase Prime to a wallet identified as belonging to Strategy. The move involved approximately $30.2 million at current market value.
The following image shows the most recent transfer recorded between the aforementioned addresses.
Transfers made from Strategy to Coinbase Prime on May 28th will be shown in red. Green is the operation on May 29th, when essentially the same funds were returned to addresses associated with the company.
This sequence is relevant because it occurs in: The moment when the market closely follows the BTC movements made by the strategy.
Concerns arose in early May, and the company acknowledged the following possibilities during its first quarter results announcement on May 5, 2026. Sell BTC to meet certain financial obligations or implement a corporate strategy.
These obligations include STRC, a preferred stock issued by the company, which is chaired by Michael Saylor. Preferred stocks are financial instruments that give shareholders priority over common shareholders in receiving dividends. In some cases, Companies may need liquidity to meet these payments or carry out other operations related to their capital structure.
The strategy also mentioned the possibility of using resources to buy back debt and other financial obligations, which has opened discussions regarding an eventual partial sale of Bitcoin reserves.
Despite the speculation, the truth is there is no official confirmation that the company has sold BTC.
The movement is It only addresses storage tasks, internal reorganization of wallets, or operational procedures that do not necessarily involve the sale of assets.
If Strategy decides to sell BTC, the market will likely learn about it either through a public announcement from the company or through a future SEC filing (a publicly accessible document).
Transfers by Strategy typically attract market attention due to the size of their holdings. The company currently holds 843,738 BTC, a position worth approximately $62 billion, with BTC trading around $73,490.
Strategy selling is not only influenced by potential volume. It may also affect the perception of other corporate BTC bonds, especially those that do not have the same financial strength. They can withstand sharp drops in prices without being forced to part with some of their reserves.
Meanwhile, the accumulation strategy championed by Michael Thaler remains officially valid.
