Is Michael Saylor Selling Bitcoin? Strategy Moves 22,704 BTC Worth $2.45B

Over the past nine hours, Strategy Inc. (formerly MicroStrategy) transferred 22,704 BTC valued at $2.45 billion into multiple newly created wallets. The large-scale movement follows earlier on-chain observations showing the firm testing nine new ScriptHash-type addresses, similar to those used for Coinbase Prime deposits.

Strategy has transferred 22,704 $BTC($2.45B) to multiple new wallets over the past 9 hours.https://t.co/FgZG2ZWlVi pic.twitter.com/SsbndffpE7

— Lookonchain (@lookonchain) October 31, 2025

Blockchain data recorded that the transferred funds remain in custody, reinforcing speculation that Strategy is reorganizing its storage system rather than executing market-driven sales or trades. The operation, first identified by Lookonchain, involved dozens of new wallets receiving between 450 and 2,000 BTC each.

Profits Return as Bitcoin Holdings 

The transfer coincides with a financial turnaround for Strategy. The Nasdaq-listed company reported a net income of $2.8 billion for the third quarter ending September 30, reversing losses incurred during 2024’s Bitcoin downturn. Operating income reached $3.9 billion, a significant shift from the $432.6 million loss posted a year earlier, while diluted earnings per share rose to $8.42 from a $1.72 deficit.

Strategy announces Q3 2025 results & reaffirms 2025 guidance.
Q3 results: $3.9B Operating Income, $2.8B Net Income, $8.42 Diluted EPS
FY2025 guidance: $34B Operating Income, $20B BTC $ Gain https://t.co/lNR3FetIao

— Michael Saylor (@saylor) October 30, 2025

President and CEO Phong Le confirmed that the firm’s Bitcoin holdings climbed to 640,808 BTC and that $20 billion has been raised year-to-date through its capital markets platform. Le reaffirmed Strategy’s full-year objective of achieving $20 billion in Bitcoin dollar gains and maintaining a 30% BTC yield target.

The company, self-described as the world’s first “Bitcoin Treasury Company,” has steadily expanded its holdings through debt offerings and equity raises.

Bitcoin to $150,000 and Beyond

Founder Michael Saylor remains steadfast in his conviction that Bitcoin’s trend is far from over. In a recent CNBC interview, he projected that Bitcoin could reach $150,000 by late 2025 and potentially $20 million over the next two decades. Saylor attributes his outlook to growing institutional adoption and the increasing stability of the digital-asset market.

He argued that the market’s volatility has moderated as derivative instruments and structured investment vehicles provide hedging opportunities. “Bitcoin’s volatility is declining as the market matures,” he said. “I think Bitcoin’s going to continue to grind up.”