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Strategy Gearing Up to Buy Bitcoin While OG Whale Keeps Selling

The post Strategy Gearing Up to Buy Bitcocom. Key Notes On-chain data shows test transactions from Coinbase to Strategy. Bitcoin OG Owen Gunden moved his last chunk of BTC holdings to an unknown address. The broader cryptocurrency market remains uncertain, with Bitcoin hovering below $102,000. Strategy, the leading Bitcoin (BTC) treasury company with 641, 205 BTC, is preparing to accumulate more of the digital gold following a fundraising in Europe. On-chain data shows that the company, led by Michael Saylor, has completed five test transactions from Coinbase Prime over the past two days. When an institution or whale makes a test transaction, it’s usually an indicator of preparing for a large inflow. In this case, Strategy aims to make sure its wallet address works seamlessly to avoid a huge loss. Strategy’s test transactions come just after a €620 million, roughly $717 million, STRE offering in Europe. The Bitcoin treasury firm, which was originally a business intelligence and data analytics company, tapped a foreign market for the first time since its initial public offering in June 1998. Saylor’s company’s latest Bitcoin purchase of 397 BTC, at an average price of $114,771, was recorded on Nov. 3. Currently, Bitcoin is trading at $101,800 with a market cap of $2. 03 trillion. OG Whale Keeps Selling Bitcoin OG whale Owen Gunden has been aggressively dumping his BTC holdings, worth roughly $11 billion in total, since Oct. The long-time Bitcoin holder sent the last portion of his assets 3, 549 BTC, worth $361. 8 million to an unknown address. Bitcoin OG Owen Gunden seems ready to dump all of his 11K TC($1. 12B). 8 hours ago, he moved his remaining 3, 549 TC($361. 84M) with 600 TC($61. 17M) already deposited to #Kraken. pic. twitter. com/wMpQvS5O9y Lookonchain (@lookonchain) November 9, 2025 Moreover, the new address has already deposited 600 BTC, worth $61. 1 million,.

admin November 9, 2025

On-Chain Data Reveals Test Transactions from Coinbase to Strategy Amid Market Uncertainty

Recent on-chain data reveals that Strategy, the leading Bitcoin (BTC) treasury company, has conducted several test transactions from Coinbase Prime over the past two days. These transactions suggest preparations for a larger Bitcoin accumulation, following a significant fundraising event in Europe.

Strategy, led by Michael Saylor, currently holds 641,205 BTC and is known for its substantial Bitcoin treasury. Test transactions from institutions or whales typically indicate readiness for a large inflow. By conducting these smaller tests, Strategy aims to ensure its wallet address functions seamlessly, minimizing the risk of loss during subsequent large transfers.

This activity comes on the heels of Strategy’s €620 million (approximately $717 million) STRE offering in Europe — marking the company’s first foray into a foreign market since its initial public offering in June 1998. Notably, Strategy recorded a Bitcoin purchase of 397 BTC at an average price of $114,771 on November 3.

At present, Bitcoin is trading at around $101,800, with a market capitalization of approximately $2.03 trillion. However, the broader cryptocurrency market remains uncertain as Bitcoin hovers below $102,000.

OG Whale Owen Gunden Continues to Sell Bitcoin

Meanwhile, prominent Bitcoin whale Owen Gunden has been aggressively liquidating his BTC holdings since October. Valued at roughly $11 billion in total, Gunden’s long-term Bitcoin position saw its last chunk — 3,549 BTC worth about $361.8 million — moved to an unknown address recently.

Interestingly, this new address has already deposited 600 BTC, valued at $61.1 million, to the Kraken exchange. Historically, sudden large deposits into cryptocurrency exchanges often lead to selloffs, potentially exerting downward pressure on the Bitcoin price.

Given Gunden’s significant holdings, these movements could impact market sentiment. However, any resultant negative momentum might be offset by Strategy’s ongoing buying activities.

Disclaimer:
Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. As market conditions can change rapidly, we encourage readers to verify information independently and consult with a professional before making any investment decisions.
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