Strategy Moved 3,568 Bitcoin Worth $297 Million. Is Michael Saylor Selling Again?

Nearly $300 million worth of Bitcoin just moved out of Strategy's wallets across a dozen transactions, and traders are demanding answers from Michael Saylor about whether his company is quietly offloading its prized crypto holdings.

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A total of 3,568 Bitcoin (CRYPTO:BTC), valued at about $297 million, moved from wallets linked to Strategy (NASDAQ:MSTR) over nine hours. This transaction immediately raised questions about whether Michael Saylor was selling Bitcoin again, especially since Strategy has already executed four sales this year.

As of September 29, Bitcoin was trading at $83,803, showing a slight increase of 0.9% over the past 24 hours. So, the question remains: Is Saylor selling Bitcoin again, or were these just internal wallet transfers?

Arkham Traced the 3,568 Bitcoin to Fidelity’s Own Custody Wallets

The Bitcoin moved through 12 separate transactions, with amounts ranging from about 138 to 452 Bitcoin, translating to about $12 million to $38 million each. However, Arkham analyst Emmett Gallic clarified that these transfers were neither sales nor meant for another party; they were simply routine shifts within Fidelity’s custody system.