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Another Monday, another Bitcoin buying day! Michael Saylor has given both the traditional weekly signal and moved 800 million Dollar worth of BTC: Reminded us of the sale in 2022!
Corporate Bitcoin bull Strategy (formerly known as MicroStrategy), moved 796 million dollars worth of Bitcoin (BTC).
According to Lookonchain's post, Strategy transferred 7,383 Bitcoins worth approximately 796 million dollars to three new wallets, likely to improve storage conditions, about 11 hours ago.
"MicroStrategy transferred 7.383 BTC worth ( 796 million dollars to 3 new wallets; the likely reason for this transfer was the improvement of storage conditions."
Lookonchain historically noted that Strategy sold 704 BTC for 11.81 million dollars at $16,776 on December 22, 2022, but shortly after, just two days later, on December 24, 2022, it repurchased 810 BTC for 13.64 million dollars at $16,845.
The strategy does not sell BTC outside of this, the company definitely follows a buy-and-hold policy.
Again Monday Again Strategy and Bitcoin!
At this point, strategy founder Michael Saylor renewed speculation about Bitcoin purchases this week and indicated that the company would buy Bitcoin for the 11th consecutive week.
Saylor shared a graph highlighting the scale of the company's Bitcoin investment and said, "You will wish you had bought more after 21 years".
In these shares he makes almost every Sunday, Saylor draws attention to the orange dots marking each purchase on a chart showing the Bitcoin acquisitions of his company Strategy.
After Saylor's similar announcements in the past, the company made more Bitcoin purchases. This likely means that Strategy will make BTC purchases today.
The company made its latest Bitcoin purchase on June 23rd. The company bought 245 BTC for 26 million dollars and reached a total asset value of over 63.6 billion dollars with 592,345 BTC.
*It is not investment advice.
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