Strategy Moves 411 Bitcoin Worth $30.3 Million to Coinbase Prime
Summary
- Strategy deposited 411.48 Bitcoin worth about $30.3 million into a Coinbase Prime wallet.
- On Polymarket, the probability of Strategy selling Bitcoin before Dec. 31, 2026, rose to 84%%.
- Still, the industry says an exchange deposit does not necessarily mean a sale and could be for collateral, over-the-counter transactions (OTC), or asset reallocation.
Forecast Trend Report by Period
Strategy, the company led by Michael Saylor, moved 411.48 Bitcoin to Coinbase Prime, according to on-chain data. The transfer has drawn attention over the possibility of a sale.
Lookonchain, an on-chain analytics platform, said on May 29 that Strategy deposited 411.48 Bitcoin worth about $30.3 million into a Coinbase Prime wallet.
The move has also spurred betting on Polymarket over whether Strategy will sell Bitcoin before the end of 2026. Odds on a contract asking whether MicroStrategy, now known as Strategy, will sell Bitcoin before Dec. 31, 2026, rose to 84%.
Still, an exchange deposit does not necessarily signal a sale, according to some in the crypto industry. Institutional investors also move assets for collateral, over-the-counter transactions, or asset reallocation.
Strategy is the world's largest corporate holder of Bitcoin. Executive Chairman Michael Saylor has consistently described Bitcoin as a long-term treasury asset.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
