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Strategy moves $30M in Bitcoin to Coinbase, sparking sell-off fears amid possible BTC sales in 2026

Market News
29 May 2026
AMBCrypto
View Source
Bearish
pluang ai news

Michael Saylor’s firm Strategy transferred 411.48 BTC worth $30.3 million to Coinbase Prime, raising speculation of a potential Bitcoin sell-off. CEO Phong Le indicated the company might sell BTC to capitalize on tax losses and support shareholders, with a high chance of sales in 2026. The firm recently retired $1.5 billion in convertible debt, reducing its USD reserves and increasing concerns among investors about financial strain. Bitcoin prices have pulled back to $72K amid these developments, as the market watches for possible sell-offs starting as early as June 2026.

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