Michael Saylor's Strategy has deposited 411.48 BTC — roughly $30.3 million — into Coinbase Prime, sparking fresh speculation about whether the firm's long-held no-sell stance is finally cracking. The transfer is notable because Coinbase Prime is the institutional custody and trading arm most commonly used for executing large liquidations, not just cold storage.
Polymarket traders are taking the signal seriously: the prediction market now puts the odds of Strategy selling BTC before December 31, 2026 at 84%, a level that reflects genuine institutional concern rather than noise. Strategy has never publicly sold Bitcoin since it began accumulating in 2020, making any confirmed sale a watershed event for the entire corporate treasury narrative.
For the broader market, the significance goes beyond one company's balance sheet.
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