Bitcoin

<ul class="wp-block-list news-points">
 <li>MicroStrategy transferred 1,652 BTC worth $114 million to a new wallet.</li>
 <li>The company holds a massive 252,220 BTC worth $17.56 billion.</li>
 <li>MicroStrategy aims to raise $42 billion in three years to buy BTC.</li>
</ul>
MicroStrategy, the largest corporate holder of Bitcoin (BTC), moved a significant 1,652 BTC to a new wallet, sparking interest among market participants and traders.
According to data from <a href="https://x.com/lookonchain/status/1852562281772855511" target="_blank" rel="noopener noreferrer nofollow">Lookonchain</a> shared on X (formerly Twitter), MicroStrategy executed the transfer of 1,652 BTC around 10 pm UTC on Friday. The company possesses a substantial 252,220 BTC, valued at nearly $17.56 billion, with an average buying price of $39,266 and an unrealized profit of $7.65 billion.
This unexpected transfer from MicroStrategy followed the company’s <a href="https://www.microstrategy.com/press/microstrategy-announces-third-quarter-2024-financial-results-and-announces-42-billion-capital-plan_10-30-2024" target="_blank" rel="noopener noreferrer nofollow">announcement</a> of its “21/21 Plan,” outlining a “strategic goal of raising $42 billion of capital over the next 3 years, consisting of $21 billion of equity and $21 billion of fixed income securities.” The company plans to continue allocating resources to purchase Bitcoin to generate significant Bitcoin yield.
Read also: <a href="https://coinedition.com/microstrategy-to-invest-42b-more-in-bitcoin/" rel="noopener noreferrer nofollow">MicroStrategy to Invest $42B More in Bitcoin</a>
The post <a href="https://coinedition.com/microstrategys-bitcoin-maneuver-of-1652-btc-and-bitcoins-price-action/" rel="noopener noreferrer nofollow">MicroStrategy’s Bitcoin Maneuver of 1,652 BTC and Bitcoin’s Price Action</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

MicroStrategy’s Bitcoin Maneuver of 1,652 BTC and Bitcoin’s Price Action

Coin Edition

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