Strategy Offloads 4,000 BTC Worth Over $420 Million

• Strategy offloaded 4,000 BTC to exchanges, signaling a potential shift in its long-term Bitcoin accumulation approach.
• Whale inflows to Binance surged, suggesting market players are reacting differently to Strategy’s recent moves.

Strategy’s recent move has taken investors by surprise. According to data shared by on-chain analyst Amr Taha from CryptoQuant, on June 24, 2025, more than 4,000 BTC worth more than $420 million was known to have left the company’s wallet.

Not a small amount, especially considering Strategy’s reputation—under the leadership of Michael Saylor—which has long been known as a die-hard Bitcoin buyer. But yes, every time there is a movement of their BTC to a wallet connected to an exchange, speculation begins to arise: are they going to sell again?

Moreover, this is not the first time. Early last month alone, they had moved 13,000 BTC to an address suspected of being connected to a spot exchange. And as can be guessed, after that the market was shaken. Transfers in large amounts like this often make selling pressure even more pronounced because traders are worried that prices will be hit hard. It can be said that the market is suddenly sensitive every time Strategy “moves.”

Source: CryptoQuant

Buying Millions, Then Offloading? What’s Going On Here

But interestingly, just a few days before the massive outflow occurred, Strategy was recorded as buying 245 BTC. According to the CNF report, the purchase was made at a price of around $105,856 per coin, so if you do the math, it’s worth around $26 million. So, on the one hand they added, but on the other hand they also “threw away.”

In addition, Michael Saylor, who is indeed famous for his “bold” statements, even said in his speech in May that Bitcoin would become a global power center. He predicted that Bitcoin’s market valuation could reach $280 trillion.

It does sound incredibly ambitious, but with a strategy that looks mixed up like this, the public is becoming more curious: is this all part of a big plan, or are they just adjusting the sails?

While Strategy Moves, Whales on Binance Are Not Silent Either

On the other hand, there are other currents that are also worth paying attention to. On June 27, BTC inflows from whales to Binance surged by $200 million in a single day, rising from $4.67 billion to $4.87 billion. Well, usually when there is a large inflow from whales to an exchange, two possible scenarios can occur: they want to sell heavily, or they are ready to buy more.

But because the timing is almost close to Strategy’s movement, a new question arises—are these whales actually seeing the potential of “Strategy’s sell action” and ready to accommodate it, or are they also preparing for a similar action?

The 30-day chart shows that inflows to the exchange are still consistently high, which means that the market is not yet fully unanimous about the next direction.

Not only that, the current market conditions are also increasingly difficult to predict. At the time of writing, the BTC price was stable at around $107,480, with a slight increase of 0.61% in 24 hours and a daily transaction volume of around $40.81 billion. So, even though big movements are happening behind the scenes, the price has not shown any extreme reaction—at least for now.