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$297M Bitcoin moved by Strategy was internal, not a sale, easing sell-off fears.

Market News
29 Sep 2026
Coinpaper
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Neutral
$297M Bitcoin moved by Strategy was internal, not a sale, easing sell-off fears.

Strategy moved over 3,568 BTC worth about $297 million within nine hours, sparking speculation of a major Bitcoin sale. However, analysis from Arkham clarified these were internal transfers within Fidelity's custody system, not sales to outside parties. This distinction is important as Strategy has recently shifted from pure accumulation to a more flexible capital management approach, including some Bitcoin sales earlier this year. Despite the large transfer, Strategy actually increased its Bitcoin holdings by purchasing 1,665 BTC in late September, maintaining its position as a major Bitcoin holder with over 847,000 BTC.

Strategy's Bitcoin transfers provide context for cryptocurrency market activity on Pluang as of Sep 29, 2026 20:26 WIB. On that day, 37 of 50 major cryptocurrencies rose while 12 fell. Notable movers include LINK at Rp275.108 with a 1-day change of +5.96% and a typical hold time of 63 days, GRT at Rp548 down 5.08% with 98 days hold time, and SUSHI at Rp4.791 up 4.46% with 101 days hold time. The most notable figure is LINK's 60% buy order activity.

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