Strategy sent 400,000 bitcoin to Coinbase

Strategy, the publicly traded company with the largest amount of bitcoin (BTC) in its treasury, made transfers totaling 411 BTC to a Coinbase Prime exchange address. The movements were carried out last night, May 28, 2026.

The following image shows the movements of bitcoin according to the records of the Arkham explorer:

Latest bitcoin movements to and from addresses attributed to Strategy. In the yellow box you can see the transfers made to Coinbase. Latest bitcoin movements to and from addresses attributed to Strategy. In the yellow box you can see the transfers made to Coinbase.
Latest bitcoin movements to and from addresses attributed to Strategy. In the yellow box you can see the transfers made to Coinbase. Fountain: arkham.

This fact is especially relevant because the company has been stating since the beginning of May that You could sell bitcoin to meet your financial obligations or strategies (for example, to be able to pay dividends on your STRC preferred stock or to repurchase debt).

A recent buyback of $1.5 billion in corporate debt had dispelled the idea that Strategy was going to sell bitcoin in the near future, but these recent moves towards Coinbase change that view.

The bettors of Polymarket, the main decentralized betting platform worldwide, establish at the time of this publication that there is a 91% chance that Strategy will sell bitcoin before the end of the current year.

Polymarket screenshot with bet on whether Strategy will sell bitcoin or not.Polymarket screenshot with bet on whether Strategy will sell bitcoin or not.
There is almost absolute conviction that Strategy will sell bitcoin this year. Fountain: Polymarket.

As it is the largest accumulator of bitcoin at the corporate level, a sale by Strategy could be detrimental to the market and the price of the asset. That’s why Michael Taylorfounder and president of Strategy has clarified that its long-term accumulation strategy is still in force and that for each sale of bitcoin they must make, they will make even larger purchases.

If Strategy were to carry out a bitcoin sale, it will probably be known either through company announcements on public channels (website or social networks, for example) or, next week, in presentations made before the Securities and Exchange Commission (SEC) that are also publicly accessible.

Likewise, it is important to note that these moves to Coinbase could simply be part of an internal reorganization of your bitcoin holdings or be made for reasons that have nothing to do with sales.

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