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 transacti

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