Institutional Bitcoin bull Strategy (formerly MicroStrategy) moved $796 million worth of Bitcoin (BTC). According to Lookonchain’s post, Strategy moved 7,383 Bitcoin worth $796 million to three new wallets about 11 hours ago, presumably to improve storage conditions. “MicroStrategy transferred 7,383 BTC ($796 million) to 3 new wallets, likely due to improved storage conditions.” Lookonchain noted that historically, Strategy only sold 704 BTC ($11.81 million) of its shares on December 22, 2022, at $16,776, but soon bought back 810 BTC ($13.64 million) just two days later on December 24, 2022, at $16,845. Apart from this, Strategy does not sell BTC, while the company strictly follows a buy-and-hold policy. It's Monday Again, Strategy and Bitcoin Again! At this point, Strategy founder Michael Saylor renewed speculations about buying Bitcoin this week as well, indicating that the company will buy Bitcoin for the 11th consecutive week. Saylor shared a chart highlighting the scale of the company’s Bitcoin investment, saying, “21 years from now you’ll wish you had bought more.” In these posts, which he posts almost every Sunday, Saylor highlights orange dots marking each purchase on a chart showing his company Strategy’s Bitcoin purchases. Following Saylor’s past announcements, the company has been buying more Bitcoin, which means Strategy will likely be buying BTC today. The company made its most recent Bitcoin purchase on June 23. The company purchased 245 BTC for $26 million, bringing its total assets to 592,345 BTC, worth over $63.6 billion. *This is not investment advice. Continue Reading: Monday is Bitcoin Buying Day Again! Michael Saylor Gave Traditional Weekly Signal and Moved $800 Million BTC: Reminds Us of the 2022 Sell!
