MicroStrategy transferred 411.5 BTC to a Coinbase Prime wallet. The assets carry a value of approximately $30.2 million. This move triggered market speculation regarding an impending sale by the largest corporate Bitcoin holder. Executive chairman Michael Saylor previously indicated the company might sell Bitcoin before the end of the year to meet dividend and capital needs.
The company reversed the transaction hours later by withdrawing the Bitcoin back to its custody. This reversal cooled immediate fears of the first significant sale in years.
The initial transfer pushed prediction market odds of a sale by 2026. These odds spiked above 90% following the move. While the reversal eased these figures, they remain at elevated levels due to ongoing investor concern.