Bitcoin-heavyweight Strategy, formerly known as MicroStrategy, has moved over 8,000 BTC (more than $700 million) to four newly identified wallets, according to data from blockchain analytics platform Arkham Intelligence.
On-chain data from Arkham Intelligence shows the transfers occurred across four transactions between April 2 and April 5.
The first transfer moved 1,063 BTC (worth approximately $92 million) to a wallet identified as 334XC2q on April 2.
Three additional transactions occurred on April 5, including 3,174 BTC (around $265 million) to address bc1qa8pw, 939 BTC (valued at $79 million) to bc1qpdq1, and 3,269 BTC (about $273 million) to bc1qf5u.
Market concernsThe movement has raised eyebrows within the crypto community. Crypto researcher and Timechain Index founder Sani claimed that he initially assumed the recent transactions were internal wallet shuffles.
However, he later revised his stance following concerns that Strategy might be preparing to offload some of its Bitcoin holdings to cover financial obligations.
He wrote on social media:
“Initially, I assumed these were simply new Strategy addresses and didn’t think much of it. However, in light of recent news, I’m now considering the possibility that these movements could be related to sales or collateral for loans.”
This week, several social media accounts focused on Bitcoin began speculating that the Michael Saylor-led company could be forced to divest some of its Bitcoin holdings.
The speculation gained more weight following Strategy’s April 7 regulatory filing. The company warned that if it fails to secure timely financing or if BTC’s current price struggles persist, it may need to sell part of its Bitcoin holdings to meet obligations.
This marked a shift in tone for the firm, which has long pledged never to sell its Bitcoin. While Strategy labeled the disclosure a standard legal precaution, it has still stirred anxiety, especially with Bitcoin’s recent price performance.
Recent volatility has been linked to global market uncertainty, fueled partly by US President Donald Trump’s tariff policies. These headwinds have affected both traditional finance and digital assets.
Amid the growing unease, Saylor has attempted to calm fears. He posted “HODL” on social media, reaffirming the company’s commitment to holding onto its assets despite current market conditions.
Strategy is the largest public holder of the top crypto, with 528,185 BTC, valued at around $40.61 billion. According to Saylortracker data, the company sits on an unrealized profit of roughly $5 billion.
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