According to U.Today, corporate Bitcoin holder MicroStrategy recently transferred 1,652 Bitcoin, valued at approximately $114.38 million, to a new wallet. This move, reported by Lookonchain, has drawn significant attention from the crypto community. MicroStrategy, known for its substantial Bitcoin holdings, continues to strategically manage its digital assets. The transfer does not indicate a sale, as the company's Bitcoin stockpile remains unchanged from its previous disclosure at the end of September.
Lookonchain reports that MicroStrategy currently holds 252,220 BTC worth $17.56 billion, with an average purchase price of $39,266 and an unrealized profit of $7.65 billion. The company has ambitious plans to further expand its Bitcoin holdings. This week, MicroStrategy announced its intention to raise $42 billion over the next three years to acquire more Bitcoin. At the time of writing, Bitcoin was down 0.15% in the last 24 hours, trading at $69,470 after reaching highs of $73,600 earlier in the week.
MicroStrategy prides itself on being the largest public corporate holder of Bitcoin, with around $18 billion on its financial sheet. The company plans to increase its holdings by selling up to $42 billion in equity and fixed-income instruments. MicroStrategy has hired banks to assist in raising these funds through the sale of additional shares and fixed-income instruments. Over the past year, the company has raised billions of dollars through the sale of convertible senior notes and shares, which its bankers can sell into the market to bolster its Bitcoin stockpile.
