Key Takeaways
- Strategy moved over 8,000 BTC worth $700M to new wallets in early April.
- A regulatory filing noted potential Bitcoin sales if financing issues arise.
- Michael Saylor reaffirmed the company's 'HODL' stance amid speculation.
Strategy, the Bitcoin-heavy investment firm formerly known as MicroStrategy, has transferred over 8,000 BTC — worth more than $700 million — to four new wallets between April 2 and April 5, according to Arkham Intelligence.
Breakdown of transactions
The first transaction involved 1,063 BTC (around $92 million) sent to address 334XC2q on April 2.
On April 5, three more transactions moved 3,174 BTC ($265 million) to bc1qa8pw, 939 BTC ($79 million) to bc1qpdq1, and 3,269 BTC ($273 million) to bc1qf5u.
Speculation on potential sales
These large movements led to speculation that Strategy could be preparing to sell part of its Bitcoin holdings.
Initially dismissed as internal wallet shuffles, concerns grew after the company’s April 7 regulatory filing hinted it may need to liquidate some BTC if financing becomes difficult or price pressures persist.
Expert insights
Sani, founder of Timechain Index, said:
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.
Reassurance from leadership
Despite this, Strategy chairman Michael Saylor sought to calm fears by posting “HODL” on social media, signaling no change in the firm’s Bitcoin strategy.
HODL
— Michael Saylor (@saylor) April 9, 2025
Current holdings
Strategy holds 528,185 BTC, currently valued at around $40.61 billion, with an unrealized profit near $5 billion, per Saylortracker.
