Strategy selling? Saylor’s Bitcoin transfer to Coinbase puts his treasury model under cash pressure

On May 29, Strategy (formerly MicroStrategy) moved more than 411 Bitcoin to Coinbase Prime, drawing fresh scrutiny to Michael Saylor’s financing model. Arkham Intelligence data showed two transfers of roughly 205.3 BTC and 206.2 BTC from Strategy-associated wallets before the coins reached the destination address. Strategy's Bitcoin Transfer (Source: Arkham Intelligence) This movement has not been confirmed as a sale, and Strategy has previously shifted coins between wallets as part of custody m