MicroStrategy Transfers 1,652 BTC to New Address

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Being one of the biggest HODLers of Bitcoin after Satoshi, MicroStrategy has recently been in the news for transferring its Bitcoin. The organization’s wallet registers a transaction of 1652 BTC worth nearly $114.38 million to a new wallet. The transaction occurred in the past 12 hours. Despite the recent transaction, MicroStrategy holds 252,220 BTC worth $17.56 billion. As MicroStrategy has been known to buy every dip in the past few years, the average price remains at $39,266. This accounts for an unrealized profit of $7.65 billion. The company plans to raise $42 billion to buy more Bitcoin in the next few years.