On-chain data shows treasury outflows as Nakamoto and Strategy move BTC reserves

During a recent market downturn, several BTC treasury holders, including Nakamoto and Strategy, were observed moving coins out of their reserves. On-chain tracking indicated that 18,221 BTC shifted across major wallets within 24 hours, with more than 9,000 BTC heading to Binance and BlackRock disposing of 5,081 BTC. Nakamoto's reported balance fell by 1,933 BTC, while other institutional holders such as WisdomTree, 21Shares and Ark Invest also transferred smaller amounts.