MicroStrategy reversed a 411.5 BTC deposit to Coinbase Prime hours after it was lodged, withdrawing approximately $30.2 million and quelling first sell-off concerns in two years. The firm, which holds 843,738 BTC (valued above $62 billion), has not bought Bitcoin since May 18, marking its longest pause in weekly purchases.
MicroStrategy deposited 411.5 BTC in two batches to Coinbase Prime, marking its first direct exchange move in nearly two years. Five hours later, the firm withdrew the entire deposit, reversing signals of an imminent Bitcoin sale and stabilizing market speculation.
Remarks from leadership about potential BTC sales for dividend and capital needs had driven prediction-market odds above 90% for a 2026 sale. The rapid withdrawal eased those odds but left them elevated, reflecting ongoing investor uncertainty.
The company holds 843,738 BTC, valued over $62 billion, and has not added to its position since May 18. That pause represents its longest gap in weekly acquisitions amid softening corporate Bitcoin demand.
