The post MicroStrategy Transfers 1,652 BTC to New Address appeared first on Coinpedia Fintech News
Being one of the biggest HODLers of Bitcoin after Satoshi, MicroStrategy has recently been in the news for transferring its Bitcoin. The organization’s wallet registers a transaction of 1652 BTC worth nearly $114.38 million to a new wallet. The transaction occurred in the past 12 hours. Despite the recent transaction, MicroStrategy holds 252,220 BTC worth $17.56 billion. As MicroStrategy has been known to buy every dip in the past few years, the average price remains at $39,266. This accounts for an unrealized profit of $7.65 billion. The company plans to raise $42 billion to buy more Bitcoin in the next few years.