29/05/2026
Strategy transferred 411.48 BTC to Coinbase Prime - the company’s first direct transfer to an exchange in nearly two years 💸
411 BTC is 0.05% of Strategy’s total position of 843,738 BTC. Two weeks ago the company bought 24,869 BTC for $2 billion in a single week.
But the market isn’t looking at the size. It’s looking at the pattern. On the Q1 earnings call Saylor said for the first time that Strategy would “probably sell some Bitcoin to pay a dividend”.
❗️Four years of “never sell” ended with one sentence.
Polymarket reacted instantly - odds of Strategy selling BTC before December 31, 2026 jumped to 91%. Before June 30: 74%.
One important detail - a transfer to Coinbase Prime doesn’t automatically mean a sale. It could be an OTC trade, collateral arrangement or institutional asset management.