On November 2, COINOTAG highlighted a significant transaction from MicroStrategy, as reported by Lookonchain monitoring. The firm executed a transfer of 1,652 BTC, valued at approximately $114 million, to a newly established address just six hours prior. This strategic move illustrates MicroStrategy’s ongoing engagement with the cryptocurrency market. Currently, the company maintains a robust portfolio of 252,220 BTC, which equates to a staggering $17.56 billion in assets. With an average acquisition cost of $39,266 per Bitcoin, MicroStrategy is sitting on unrealized gains totaling $7.65 billion. This highlights the company’s bullish stance and long-term commitment to Bitcoin, reinforcing its position as a key player in the institutional adoption of cryptocurrency.
Source: https://en.coinotag.com/breakingnews/microstrategy-transfers-1652-btc-current-holdings-reach-252220-btc-worth-17-56-billion/