As cryptocurrency markets continue to face downward sentiment, on-chain data sparked speculation over whether Michael Saylor’s company, Strategy (NASDAQ: MSTR), had off-loaded billions of dollars worth of Bitcoin (BTC) this week.
However, new evidence shows the movements were not sales, they were part of a large-scale custodial migration quietly unfolding for two weeks.
On November 14, blockchain analytics firm Arkham detected a massive cluster of transactions involving Strategy-linked wallets. Since midnight UTC, the company shifted 43,415 BTC, roughly $4.26 billion, across more than 100 addresses. The activity fueled panic that one of the world’s largest corporate Bitcoin holders might be liquidating its position.
Fresh insights indicate the Bitcoin was not sent to exchanges or off-ramps but routed through internal infrastructure tied to both Strategy’s existing custodian, Coinbase Custody, and a newly adopted custodian.
DID SAYLOR SELL $4 BILLION TODAY?
No.
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