Michael Saylor Quietly Dumping Microstrategy Bitcoin? Here’s New Data

Just as Bitcoin remains at the $ 23,000 level for the first time in a while, data on huge sales activity shows contrasting signs.Michael Saylor’s MicroStrategy Bitcoin’s largest institutional investor.. Meanwhile, Crypto Quant data suggests that some of the company’s Bitcoin may be secretly sold. Business intelligence service providers may also reveal their sales activities in the near future.

Selling Michael Sailor’s Bitcoin Wallet?

According to your defiguide of Crypto Quant, the main Microstrategy wallet Already sold 132,382 Bitcoin.The above wallet 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ Rumored to belong to Michael Saylor’s company.. It is believed that “all MicroStrategy Bitcoins are stored in two single sig addresses.” Starting this week, BTC has been sent from the Microstrategy wallet to various exchange wallets, including Coinbase. Between July 18th and July 21st, Bitcoin holdings were sold for $ 21,687.84 each.

Has Bitcoin been transferred to the exchange for sale?

However, it is not yet clear whether the transfer of Bitcoin was for sale. So far, Sailor hasn’t announced anything about the sale of the company’s Bitcoin. In fact, he tweeted on Tuesday that he was “sticking to #Bitcoin.” He also tweeted that the world needs money that won’t crash, showing that Bitcoin is crash-resistant.

“It’s unclear what purpose this BTC was sent to Coinbase. Is it for sale? For storage? He (Sailor) hasn’t announced anything yet. But he sold. If so, it will cause major emotional changes among many BTC maxi. “

Meanwhile, Bitcoin has skyrocketed by nearly 12% in the past week. At the time of writing, Bitcoin (BTC) was trading at $ 23,485, down 0.67% in the last 24 hours, according to CoinMarketCap. At the beginning of July, Bitcoin was trading in the $ 18,885 range.

After the recent collapse of the crypto market due to the credit crisis, Microstrategy has attracted large unrealized losses. The loss was said to exceed $ 1 billion.

Anvesh reports on key advances in cryptography adoption and price analysis. Anvesh, who has been involved with the industry since 2016, is a strong supporter of distributed technology. Follow Anvesh on Twitter at @AnveshReddyBTC [email protected]

The content presented may contain the author’s personal opinion and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

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