MicroStrategy, a company known for its Bitcoin holdings, transferred $793 million worth of Bitcoin to new wallets. This comes after MicroStrategy announced its eighth consecutive weekly purchase of Bitcoin, bringing its total Bitcoin holdings to nearly 450,000 coins. The transfers are likely internal arrangements and MicroStrategy's co-founder, Michael Saylor, has stated that the company has no plans to sell any of its Bitcoin. Despite a recent drop in the price of MicroStrategy's stock, Saylor is known for making comebacks, which has left many investors unaffected by the correction.



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