en.bitcoinsistemi.com
Strategy transferred approximately 411 $BTC (worth about $30.3 million) to the Coinbase Prime platform a few hours ago. On-chain data indicates that these Bitcoins were among the company’s highest-cost purchases.
According to the data, the transferred $BTC were purchased by Strategy in September-October 2025 when the Bitcoin price was above $110,000. It is stated that only about 5% of the company’s total Bitcoin reserves have such a high cost basis. Considering that Bitcoin is currently trading at around $73,000, this position is estimated to be approximately 37% in the red, carrying an unrealized loss of around $17 million.
Following the transfer, speculation intensified in the markets that Strategy might be preparing to sell Bitcoin. The company’s founder and Chairman, Michael Saylor, had previously stated that a Bitcoin sale could be considered if necessary to optimize its debt structure.
On the other hand, according to data from the prediction platform Polymarket, the probability of the contract stating that “MicroStrategy will sell Bitcoin before December 31, 2026” has risen to 84%. This rate indicates that a significant portion of investors believe the company may sell at least a limited amount of Bitcoin in the coming months.
However, it’s worth noting that transfers to Coinbase Prime don’t always signify a sell. Institutional investors and companies may move assets to Coinbase Prime for various reasons, such as collateral management, custody services, debt transactions, or portfolio restructuring. Therefore, such a transfer alone is not considered a definitive sell signal.
*This is not investment advice.