MicroStrategy, the American business intelligence and software firm, has made a notable move that has the Bitcoin space buzzing. The Michael Saylor-founded firm, renowned for its aggressive Bitcoin accumulation, carried out a large transfer.
Strategic Transfer or Prelude to a Sell-Off?
According to the on-chain analytics platform Lookonchain, the business intelligence firm transferred 1,652 BTC valued at $114.38 million. The movement, which caught the attention of many, saw the assets transferred from one wallet to another new wallet. This move has sparked sell rumors in some quarters of the market.
MicroStrategy, one of the largest corporate holders of Bitcoin, has about 1% of the Bitcoin supply, at 252,220 BTC. This is valued at approximately $17.56 billion and an unrealized profit of over $7 billion. The company’s average acquisition price is pegged at around $39,266.
The recent transfer comes six weeks after MicroStrategy announced its last purchase in September. Say
We współpracy z: https://www.thecoinrepublic.com/2024/11/03/is-microstrategy-planning-to-sell-its-bitcoin-btc-stash/
