Arkham Intelligence reports that Bitcoin valued at $793 million was moved from Coinbase Prime Custody wallets linked to MicroStrategy to unidentified wallets.
Discussion
Saylor what is going on 😉
Yeah, this doesn't necessarily mean into cold storage... Could be diversifying their custody though. Or gearing up for some type of lending service?
Let's hope he's found a multisig self custody solution for mstr
nostr:npub1cvqlzvmjercdn0ypsmv8f7j9lge6ahsnueh5rparh53wuswftv4q49yjt3 offers this option, and he has until the 3rd to act. Otherwise, it will become clear that he stands against cypherpunk principles, self-custody, freedom money, privacy, and everything they represent.
supply shock incoming
Why does balance not start at 0….
🤔🤫
This graph is disingenuous. It’s a handpicked timeframe that does not represent the full picture. The price starts around $53k and supply goes from 2.7m to 2.19
This doesn’t tell me anything. Pretend correlation.
Because then it would look lame little drop down.
Which it is...
you would have to go back many years for the balance to be zero...coupla years with of chart is still useful
Since supply is so quickly moved I didn't really think it is a useful metric 😕
There might be 5 million coins that are ready to sell at 500k just chilling in cold wallets.
It is a good metric to measure self custody tho 😄
