Anchorage Digital has transferred 580.6 BTC, valued at $39.2 million, to anonymous addresses, according to on-chain data from December 27, 2025. The initial transfer was made to an address beginning with 38cTn at 08:38, with a portion subsequently moved to another address starting with 3NWToo. This transaction may indicate a strategic adjustment in the risk-to-reward ratio for significant Bitcoin holders.