Blockchain Analytics Platform Arkham Intelligence data shows that the Bitcoin-Heavyight strategy, previously known as MicroStrategy, has moved 8,000 BTC (over $700 million) into four newly identified wallets.
Arkham Intelligence’s on-chain data shows that transfers occurred in four transactions between April 2nd and April 5th.
The initial transfer moved 1,063 BTC (worth approximately $92 million) to the wallet identified as 334xC2Q on April 2nd.
Three additional transactions took place on April 5th. This dealt with BC1QA8PW, 939 BTC (worth $79 million) to address BC1QPDQ1 and 3,174 BTC (approximately $265 million) to address BC1QF5U and 3,269 BTC (approximately $273 million).
Market issues
The movement raises eyebrows within the crypto community. Sani, founder of the Crypto Researcher and Timechain Index, claimed that he initially assumes that recent transactions are internal wallet shuffles.
However, he later revised his stance following concerns that the strategy could be prepared to offload some of its Bitcoin holdings to cover its financial obligations.
He wrote on social media:
“In the beginning, I thought these were just new strategic addresses and I didn’t think much about them. But in light of recent news, I believe these moves could be related to the sale or collateral of the loan.”
This week, several social media accounts focusing on Bitcoin began speculating that the Michael Saylor-led company could be forced to sell some of its Bitcoin holdings.
The speculation gained more weight following regulatory submissions on April 7. The company warned that if it fails to raise timely funds or if BTC’s current price struggle continues, it may be necessary to sell a portion of its Bitcoin Holdings to fulfill its obligations.
This shows a change in tone for a company that has pledged to never sell Bitcoin. The strategy labeled disclosures as standard legal precautions, but it has caused anxiety, particularly due to Bitcoin’s recent price performance.
Recent volatility is linked to global market uncertainty, partly driven by US President Donald Trump’s tariff policy. These headwinds have impacted both traditional financial and digital assets.
Amidst growing anxiety, Saylor tried to calm his fears down. He posted a “HODL” on social media, reaffirming the company’s commitment to retaining assets despite current market conditions.
The strategy is the largest public holder of Top Crypto with 528,185 BTC, worth around $40.6 billion. According to data from SaylorTracker, the company is based on unrealized profits of around $5 billion.
(tagstotranslate)Bitcoin
