>>62331429 >I've been in crypto since 2017 k but youre broke >you're a desperate newfag with 0.2 BTC who is trying to reassure himself that this is the bottom. you're a desperate broke oldfag whos trying to assure himself this is not the bottom
This is Fidelity's custody address, with major clients being MSTR and its own BTC ETF, which is FBTC.
From May 28 to June 1, the amount of BTC held in custody decreased by 46,000, but its ETF had massive redemptions of 1k BTC during those days.
So, an additional 45,000 BTC were transferred out. If these BTC were being sold via TWAP over the 5 working days of this week, the average price would be around 66k, totaling about 3 billion USD in cash realized, plus MSTR's remaining 900 million USD, which would exactly extend the STRC dividend coverage period to a full 2 years.