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MicroStrategy Moves Nearly $300M in Bitcoin to New Wallets

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By on September 19, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post MicroStrategy Moves Nearly $300M in Bitcoin to New Wallets appeared first on Coinpedia Fintech News

According to Arkham, MicroStrategy made significant Bitcoin transfers earlier today. Between 1:12 and 1:59 UTC+8, the firm shifted 4,922.697 BTC—valued at approximately $294 million—into three unmarked new addresses: bc1qtr…w3rad7, bc1qfy…umtjgl, and bc1qmk…0ecgzt. These movements come as part of the company’s ongoing Bitcoin strategy, further boosting its position as one of the largest BTC holders globally. The exact purpose of the transfers remains unclear, sparking speculation among analysts about potential future moves from the company led by Bitcoin advocate Michael Saylor.

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