CandleFocus Michael Saylor’s MicroStrategy 1,652 BTC Shift Stirs Market: Details
2024-11-02
Author: Content Editor
MicroStrategy, a corporate Bitcoin holder, moved 1,652 Bitcoin worth $114.38 million to a new wallet, according to on-chain data. This transfer has attracted attention from the crypto community. However, the move does not indicate selling as MicroStrategy's Bitcoin holdings remain unchanged at 252,220 BTC worth $17.56 billion. The company plans to raise $42 billion over the next three years to buy more Bitcoin. MicroStrategy has hired banks to assist in raising funds through the sale of additional shares and fixed income. The surge in Bitcoin prices has contributed to a nearly 2,000% gain in MicroStrategy's share price.
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