794 million USD BTC transfer, what is MicroStrategy up to?
According to on-chain monitoring, an address marked as MicroStrategy: Coinbase Prime Custody transferred 3,174 BTC, 3,269 BTC, and 2,026 BTC to three new addresses respectively 6 hours ago, totaling approximately 794 million USD.
Interestingly, this is not MicroStrategy's first 'big move'. Similar on-chain operations in the past were ultimately confirmed to be internal account reorganizations, and it is evident that this time it is also very likely to be a 'replay of old tactics'.
Why is it worth paying attention to?
The huge transfer itself: whale movements on-chain in a short period of time always stir up the market's 'gossip mentality'. The possibility of internal operations: this 'moving house' style operation may seem plain, but it also highlights MicroStrategy's firm attitude towards holding BTC in the long term.
The market is turbulent, whales are frequently taking action, is it position reorganization or something else? Perhaps the answer will be revealed in the next block. Tap to follow, and join the hunters in capturing the on-chain mysteries!
