Summary
- Strategy, the world's largest publicly traded holder of Bitcoin, moved about $297 million worth of Bitcoin to an external wallet, raising questions about a possible sale.
- Lookonchain said it has not confirmed whether Strategy's transfer of 3,568 Bitcoin was tied to a sale or was simply a wallet transfer.
- Strategy disclosed that it bought an additional 1,665 Bitcoin for about $142.7 million last week, bringing its total holdings to 847,666.
Forecast Trend Report by Period
Strategy, the world's largest publicly traded corporate holder of Bitcoin, has moved about $297 million worth of the cryptocurrency to an external wallet, raising questions about a possible sale.
On-chain analytics firm Lookonchain said on September 28 that Strategy transferred 3,568 Bitcoin from its existing wallet to another wallet over the previous nine hours. The Bitcoin was worth about $297 million at the time of the transfer.
The market is watching whether Strategy is preparing to sell Bitcoin. Lookonchain said it has not confirmed whether the large transfer was tied to a sale or was simply a move to a new wallet.
Strategy had previously disclosed that it bought an additional 1,665 Bitcoin for about $142.7 million last week, from September 21 to September 27. That brought its total Bitcoin holdings to 847,666, more than 4% of Bitcoin's maximum supply of 21 million.
