A whopping $793 million worth of Bitcoin has been transferred from MicroStrategy-linked Coinbase Prime Custody addresses to unknown wallets, as reported by Arkham Intelligence. This massive transfer has sparked curiosity, with many wondering about the motivations behind it .
It's worth noting that MicroStrategy, led by Michael Saylor, has been a strong advocate for Bitcoin. The company has been consistently purchasing Bitcoin, with its holdings now totaling nearly 450,000 coins, valued at around $41.8 billion .
While the reason for this transfer is unclear, it's possible that it's an internal arrangement or a strategic move by MicroStrategy. As the market continues to evolve, it's essential to keep a close eye on such developments .