Strategy's Bitcoin Buyback Hopes Surge as $1.04 Billion Whale Awakens

A dormant Bitcoin wallet holding 16,400 BTC valued at over $1.04 billion has become active after seven months of inactivity.

The wallet's transfer to a new address did not go to an exchange, indicating it may be a custody restructuring rather than preparation for liquidation.

The movement is notable as large dormant wallets often coincide with periods of elevated volatility and market activity.

Michael Saylor, Executive Chairman of Strategy, hinted at the possibility of resumed Bitcoin accumulation by posting 'Bitcoin Drive engaged', sparking speculation about new purchases.