Strategy Transfers 38,657 BTC to Coinbase Custody; Saylor Denies Sale Speculation

Strategy moved 38,657 BTC from publicly identified wallets to Coinbase Custody addresses on November 14, 2025. Executive Chairman Michael Saylor dismissed market speculation about liquidation, stating the company continues to accumulate Bitcoin. The transfers totaled approximately $1.2 billion and occurred as Bitcoin fell below $95,000, according to Arkham Intelligence.