The recent transfer of 7,383 Bitcoin by MicroStrategy has sparked interest and speculation regarding the company's future cryptocurrency investments.
Transfer of Bitcoin by MicroStrategy
According to a post by Lookonchain, MicroStrategy moved 7,383 Bitcoin, amounting to $796 million, to three new wallets about 11 hours ago. This action is presumably related to improving asset storage conditions.
"MicroStrategy transferred 7,383 BTC ($796 million) to 3 new wallets, likely due to improved storage conditions."
Company's Investment Strategy
As noted by Lookonchain, in the company's history, there was only one sale of 704 BTC for $11.81 million on December 22, 2022, at $16,776. However, shortly after that, on December 24, 2022, the company bought back 810 BTC for $13.64 million at $16,845.
The company does not adhere to a selling strategy for Bitcoin, strictly following a buy-and-hold policy.
New Statement from Michael Saylor
MicroStrategy's founder Michael Saylor has renewed speculation about purchasing Bitcoin this week, which could mark the company's 11th consecutive week of acquisitions. Saylor shared a chart highlighting the scale of the company's investment in Bitcoin, saying, "21 years from now you’ll wish you had bought more." Saylor typically posts such updates on Sundays, marking each purchase on a chart.
Thus, MicroStrategy's actions in the cryptocurrency space continue to generate interest and anticipation for further acquisitions. The company's investment policy, focused on holding assets and making regular purchases, underscores Michael Saylor's long-term strategies.
