Strategy Deposits 411.48 BTC to Coinbase Prime

Strategy, a publicly traded company with significant holdings in Bitcoin, has made a notable transaction that is raising eyebrows in the cryptocurrency community.

A total of 411.48 BTC, valued at approximately $30 million, was deposited to an external wallet address owned by Coinbase Prime on May 28, according to on-chain analytics platform Lookonchain.

While this move does not necessarily indicate that Strategy will sell their Bitcoins, it has sparked speculation about a potential sell-off in the market. The company's previous stance of 'never selling' Bitcoin was well-received by the crypto community, but Saylor hinted at potentially selling some Bitcoins to pay dividends during the Q1 earnings call.