MicroStrategy Transfers $796M in Bitcoin to New Wallets
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MicroStrategy has transferred 7,383 Bitcoin, valued at approximately $796 million, to three new wallets in a move likely aimed at enhancing custody. This transfer occurred 11 hours ago and marks a significant shift in the company's Bitcoin management strategy. Historically, MicroStrategy has maintained a buy-and-hold approach, with only one notable sale of 704 Bitcoin at $16,776 on December 22, 2022, followed by a repurchase of 810 Bitcoin at $16,845 two days later.