“Cryptocurrency Night of Terror!!! MicroStrategy's Secret Transfer, 800 Million Bitcoin's Whereabouts Remain a Mystery”
According to the latest data from Arkham Intelligence, MicroStrategy transferred $793 million worth of Bitcoin to a new wallet through its address associated with Coinbase Prime Custody. This movement has attracted significant market attention, but preliminary analysis indicates that this is likely an internal fund adjustment rather than a market operation.
MicroStrategy's on-chain assets were first identified by Arkham in February of this year, with most of its assets concentrated in Fidelity client accounts and the remainder independently custodied by Coinbase Prime. As MicroStrategy's long-term partner, Coinbase has played a key role in its Bitcoin strategy since 2020.
Notably, MicroStrategy currently holds nearly 450,000 Bitcoins, with a total market value of approximately $41.8 billion. Although its stock price once dropped nearly 47% from its peak, founder Michael Saylor's confidence in holding Bitcoin for the long term remains unshaken. He has repeatedly stated that selling Bitcoin would undermine its trust base in the community. This firm strategy has also positioned MicroStrategy to be one of the biggest winners in 2024, with its stock price soaring over 350% this year, surpassing 530 companies.
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