MicroStrategy Withdraws 411.5 BTC ($30M) to Quell Sell-Off Fears

2026-05-30

MicroStrategy reversed fears of a Bitcoin sale by withdrawing 411.5 BTC ($30.2 million) from Coinbase Prime hours after deposit. The firm still holds 843,738 BTC valued at over $62 billion and has paused purchases since May 18, marking its longest hiatus in weekly accumulation.

1. Withdrawal Reverses Sell-Off Concerns

MicroStrategy reversed its brief Coinbase Prime deposit of 411.5 BTC (worth $30.2 million) by withdrawing the funds back to its custody within hours, easing concerns of a potential corporate Bitcoin sale. The initial split transfer of approximately 205 BTC per batch had pushed prediction-market odds of a BTC sale above 90% for 2026 before the reversal.

2. Treasury Position and Outlook

The firm maintains a total holding of 843,738 BTC, valued at over $62 billion, and has not added to its Bitcoin reserves since May 18, marking its longest purchase pause since initiating its treasury accumulation program. CEO Michael Saylor had indicated possible Bitcoin sales later in the year to fund dividends and capital needs, keeping markets attentive to future exchange activity.