Strategy and MARA Move Millions in Bitcoin Amid Treasury Activity

• A wallet linked to Strategy transferred 1,030 BTC after the company disclosed a recent Bitcoin sale, though no new sale has been confirmed.
• MARA moved 6,000 BTC to TwoPrime, but analysts said the transfer likely reflects treasury management rather than a confirmed liquidation.
• Both Bitcoin transfers renewed market attention on corporate treasury activity as investors await official disclosures from the companies.

Another large Bitcoin transfer has put corporate treasury activity back in focus after a wallet linked to Strategy moved 1,030 BTC worth about $66.14 million. According to Lookonchain, the transaction followed Strategy’s disclosed Bitcoin sale last week, while Bitcoin miner MARA also transferred 6,000 BTC to TwoPrime, although analysts said the move does not confirm a sale.

According to Lookonchain, the suspected Strategy-linked wallet completed the 1,030 BTC transfer roughly two hours before the report. The movement came after Strategy disclosed selling 1,638 BTC last week for about $102.4 million.

The company still holds 842,138 BTC valued at about $52.65 billion, according to the latest figures. However, Strategy has not confirmed whether the latest wallet transfer represents another sale.

The transfer alone does not prove liquidation because blockchain transactions can also support custody or treasury operations. Even so, the movement attracted attention because of Strategy’s recent disclosed sale.

Michael Saylor previously said Strategy’s Bitcoin transactions support corporate capital management rather than reflecting changes to his personal Bitcoin position.

Attention also shifted to MARA after the miner transferred 6,000 BTC worth about $384.6 million to TwoPrime. According to Lookonchain, the transfers occurred during the past five hours.

Analysts said the transaction does not necessarily indicate that MARA sold any Bitcoin. Instead, they noted the transfer could support treasury or broader asset management activities.

That explanation aligns with MARA’s existing relationship with TwoPrime. The miner owns an equity stake in the firm and allocates Bitcoin to its investment strategies.

Strategy remains the largest corporate Bitcoin holder, making its wallet activity closely watched across the market. Meanwhile, MARA continues holding 36,303 BTC worth approximately $2.34 billion after the latest transfer.

Earlier this year, MARA sold 15,133 BTC to retire $1 billion in convertible debt. However, no evidence currently shows the latest 6,000 BTC transfer resulted in another sale.

Likewise, Strategy’s latest transaction remains an on-chain movement until the company provides further disclosure. Investors will likely watch the next corporate filing to determine whether the transferred Bitcoin became part of another reported sale.