The firm Strategy, led by Michael Saylor, has transferred 22,704 BTC, valued at $2.45 billion, to multiple unknown addresses. This Strategy’s BTC movement was detected in the last few hours by the analysis platform Arkham. The transfer occurs just after the company reported quarterly earnings that exceeded market expectations.
Analysis of the blockchain shows that the 22,704 BTC moved in several consecutive transactions. These funds were directed to nine new addresses not linked to centralized exchanges. This event follows immediately after Strategy announced a net income of $2.8 billion for its third quarter. This figure beat Wall Street estimates. Furthermore, the company also increased its total holdings to 640,808 Bitcoins, solidifying its position.
For this reason, any movement of its reserves is closely watched by the market, as Strategy is the world’s largest corporate holder of Bitcoin. Previously, transfers of this magnitude have sparked fears of a potential sell-off (liquidation). However, CEO Michael Saylor recently reaffirmed his policy of continuing to acquire Bitcoin during the earnings call. He plans to continue buying the digital asset regardless of its price.
Are we facing a massive sell-off or a simple internal reorganization?
Industry analysts, such as Emmett Gallic, suggest this is not an imminent liquidation. The strongest theory points to a “custody switch.” This could be an internal reorganization to improve asset security. If the funds remain offline, without heading to exchanges, the market usually interprets this as restructuring and not as a sign of selling pressure. This view is reinforced by Saylor’s bullish statements.
Therefore, the recent Strategy’s BTC movement seems to align more with custody optimization than an exit strategy. Michael Saylor maintains a bullish outlook, projecting a price of $150,000 per BTC by year’s end. The firm’s CFO, Andrew Kang, confirmed that the company’s financial guidance is based on this optimistic Bitcoin price outlook, reporting a $12.9 billion gain on BTC year-to-date.
