Strategy transferred 411.48 BTC valued at over $30 million to Coinbase Prime. The operation immediately sparked speculation about a possible sale of part of its reserves. The timing of the transaction was hard to ignore: on Polymarket, the probability that the company sells Bitcoin before December 31, 2026 already reached 84%.
Analyst COINBOY warned that a deposit to Coinbase Prime does not necessarily imply a sale, as the funds could be allocated to OTC trading, collateral, or institutional management. However, context is key. During the Q1 2026 earnings call, where Strategy reported net losses of $12.5 million, Chief Executive Officer Michael Saylor did not rule out liquidating part of the BTC inventory to pay dividends.
Is Michael Saylor's @Strategy about to sell $BTC?#Strategy just deposited 411.48 $BTC($30.3M) into #CoinbasePrime.
On Polymarket, the odds of #MicroStrategy selling $BTC before Dec. 31, 2026 have now reached 84%.https://t.co/FgZG2ZWlVi pic.twitter.com/R3Tm8YJJFu
— Lookonchain (@lookonchain) May 29, 2026
Furthermore, days before the transfer, Strategy repurchased approximately $1.5 billion of its own convertible notes maturing in 2029, an operation that analyst Darkfost described as a balance sheet cleanup. Nevertheless, Saylor himself had hinted in an interview that among the options considered to finance that repurchase, Bitcoin sales were on the table. Just hours before Lookonchain reported the deposit, Saylor posted a single word on X: “HODL.”
Source: https://x.com/lookonchain/status/2060181007844979024
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
