CandleFocus

MicroStrategy moves 4,922.697 Bitcoin to three unmarked new addresses: Arkham

Blockchain intelligence firm Arkham has discovered that MicroStrategy, a business intelligence company, transferred 4,922.697 BTC to three unmarked addresses. This transfer occurred before and after the Federal Reserve announced a 50 basis point rate cut. Following the rate cut announcement, the price of Bitcoin increased by 3% and the global cryptocurrency market cap reached $2.14 trillion. The transfer was executed in four transactions, and MicroStrategy's commitment to accumulating Bitcoin as a treasury reserve asset remains strong. The company recently announced a private offering of convertible senior notes worth $875 million, with the intention to use the proceeds to acquire additional Bitcoin. MicroStrategy currently holds 244,800 BTC with an unrealized gain of 60.3%, totaling $5.72 billion.

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