Strategy transfers $5.7B in Bitcoin to new wallets
Key Takeaways
- Strategy moved $5.7 billion in Bitcoin to new wallets.
- Analysts view the transfer as part of a custody restructuring effort.
Strategy, a business intelligence company leveraging preferred stock structures to enhance Bitcoin adoption for risk-averse investors, transferred $5.7 billion in Bitcoin to the new wallets, according to data tracked by Lookonchain.
Analysts have interpreted Strategy’s large-scale Bitcoin transfers as part of a custody reshuffle rather than a signal of selling.
Strategy has been positioning itself to strengthen Bitcoin acquisition through improved credit ratings and institutional channels. Following last week’s acquisitions, the company now holds 641,692 Bitcoin worth over $62 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana Latest Update: DEX Trading Activity Drops Sharply Amid CEX Feature Integration and Evolving Regulatory Landscape
- DEX on-chain volume dropped 21.6% to $952.29B weekly, pressured by CEX competition and U.S. regulatory shifts. - OKX launched in-wallet DEX trading (supporting Solana , Base) to unify centralized/decentralized trading, mirroring Coinbase/Binance strategies. - Solana DEX volume exceeded $5B daily while XRP/Solana ETFs gained traction, reflecting institutional crypto adoption amid regulatory easing. - BNB fell below $960 amid bearish patterns as DeFi expansion and tokenized products like yield-bearing XRP

Ethereum Moves 3x Faster Than Bitcoin, Study Says

Is Aster (ASTER) Poised for a Breakout? Key Bullish Pattern Formation Suggests So!

Newly Released Documents Detail Epstein’s Influence on Bitcoin’s Early Development
