Saylor’s Strategy Just Transferred $2.45B BTC to New Wallets – Liquidation or Restructuring?

Michael Saylor’s Strategy has transferred 22,704 BTC, about $2.45 billion, to multiple new wallets in the past 9 hours, Arkham data ￰0￱ large-scale Bitcoin movement has drawn attention, given its size and potential implications for market ￰1￱ move arrives hours after Strategy reported a net income of $2.8 billion for its third quarter, exceeding Wall Street ￰2￱ reported diluted earnings per share of $8.42 for Q3, exceeding Street estimates of $8.15. The company, being the largest corporate Bitcoin holder, holds 640,808 Bitcoins valued at $70.28 ￰3￱ holdings are up from 597,325 at the start of the third ￰4￱ the Strategy earnings call , Saylor noted that the company will remain focused on purchasing Bitcoin rather than pursuing any deal, even if it is accretive.).

My guess is that this related to a custody ￰5￱ address types (starting with 3) are the same as Coinbase Prime Deposits but that is not the case here because the test funds were not ￰6￱ — Emmett Gallic (@emmettgallic) October 31, 2025 Mass transfers by large holders often align with custody restructuring or internal security upgrades, and not ￰7￱ clue lies in the movement patterns – if assets stay offline, it’s probably housekeeping. Besides, Saylor is betting big on Bitcoin, predicting that the asset will reach $150,000. Speaking with CNBC at the Money 20/20 fintech conference in Las Vegas, he said that the Bitcoin bull run seems optimistic for a clear market structure.

“I think Bitcoin is going to continue to grind up,” Saylor noted. “Our expectation right now is at the end of the year it should be about $150,000.” Further, the Strategy frontman reiterated that regardless of price, the company will be “buying the top forever.” That said, the transfers confirm an internal restructuring rather than a massive selloff, at a time when the Strategy has achieved a 26.0% BTC yield in 2025 YTD and $12.9 billion BTC $ gain. “We generated BTC yield of 26% and BTC $ gain of $13 billion, year-to-date, and we are reaffirming our full-year guidance for operating income of $34 billion, net income of $24 billion, and diluted EPS of $80 per share, based on a BTC price outlook of $150,000 at the end of the year,” said Andrew Kang, Strategy’s Chief Financial Officer.