U.Today – According to the latest on-chain data, the MicroStrategy corporation owner transferred 1,652 Bitcoins worth approximately $114.38 million to a fresh wallet. This transfer, reported by Lookonchain, took place a few hours ago and has attracted a lot of attention from the crypto community.
MicroStrategy, known for its gigantic Bitcoin holdings, continues to make strategic moves to manage its digital assets.
According to Lookonchain, the MicroStrategy wallet transferred 1,652 BTC worth $114.38 million to the fresh wallet a few hours ago.
However, this change may not be a sale as MicroStrategy’s Bitcoin inventory has not decreased and remains unchanged from what was revealed in delayed 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 gain of $7.65 billion.
Looking to the future, MicroStrategy has ambitious plans to continue growing its Bitcoin holdings. This week, MicroStrategy announced its plans to fund $42 billion over the next three years to buy more Bitcoin.
At the time of writing, BTC has fallen 0.15% in the last 24 hours to $69,470 after reaching a high of $73,600 in Tuesday’s trading session. The surge in Bitcoin prices since 2020 has pushed MicroStrategy’s stock price up nearly 2,000%.
MicroStrategy to Boost Bitcoin Stocks
MicroStrategy prides itself on being the largest public holder of Bitcoin, with a balance sheet of approximately $18 billion. MicroStrategy currently intends to raise its holdings by selling up to $42 billion in equity and fixed income instruments.
MicroStrategy says it has hired banks to support it raise $42 billion by selling additional shares and fixed income to buy more Bitcoin after a flurry of deals last year.
The enterprise software maker says it has hired several banks to sell shares in an at-market offering that could net it $21 billion, while also planning to sell fixed-income instruments that could generate the same amount.
Notably, MicroStrategy has raised billions of dollars over the past year through the sale of convertible senior notes and shares that bankers can sell to the market to boost Bitcoin supplies.
