CandleFocus

Massive $206 Million Bitcoin Deposit Shakes Largest US Exchange, Coinbase

Whale Alert, a popular blockchain tracker, has identified a significant Bitcoin transfer worth $205.9 million being made to the U.S.-based exchange Coinbase. This transfer coincided with a rise in Bitcoin's price. An additional transfer of 1,501 BTC worth $103.2 million was also detected by Whale Alert. Meanwhile, recent data shared by Michael Saylor, founder of MicroStrategy, reveals that the performance of MicroStrategy stock has surpassed that of Bitcoin over the past four years. MicroStrategy has been regularly purchasing BTC and has raised nearly $1 billion through convertible senior notes to buy more Bitcoin.

Related News