ON TODAY’S STRATEGY BITCOIN MOVEMENTS Since 00:00 UTC today, Strategy moved 43,415 BTC worth 4.26B to over 100 different addresses. Over the past two weeks, Strategy has been making transfers from Coinbase Custody (their existing custodian) to a new custodian. We believe today’s transfers represent: - Transfers from Coinbase custody to this new custodian - Internal transfers of this new custodian - Internal Coinbase wallet refreshes This does not mean that Strategy has sold their BTC, nor do transfers from Arkham’s Strategy entity automatically imply the sale of those assets. Strategy regularly undergoes wallet/custodian rotations - anyone monitoring Arkham’s Strategy entity for the past two weeks would have seen similar transfers take place, followed by a re-labelling of new custodian addresses. Most of the movements that have been reported this morning appear to be a continuation of those transfers.(Arkham)