MicroStrategy Moves $114M in Bitcoin to New Wallet, Plans Future BTC Purchases

The post MicroStrategy Moves $114M in Bitcoin to New Wallet, Plans Future BTC Purchases appeared first on Coinpedia Fintech News

According to Lookonchain data, MicroStrategy recently transferred 1,652 BTC, valued at $114.38 million, to a new wallet. The company, a significant Bitcoin holder, currently holds 252,220 BTC worth $17.56 billion, with an average acquisition price of $39,266 per BTC. This investment has yielded an unrealized profit of $7.65 billion. In a continued display of commitment to Bitcoin, MicroStrategy plans to raise an additional $42 billion over the next three years to acquire more. This strategic move signals the company’s confidence in Bitcoin’s long-term growth and its goal to solidify its position in the crypto space further.