After Tesla, Microstrategy Liquidated Its Bitcoin Holdings?

OOn Friday, the cryptocurrency market recovered, with the top coin, Bitcoin, returning to the $23,000 threshold. Like the stock market, Bitcoin has been on an upswing so far this week as investors gain more confidence in the US Federal Reserve’s ability to control the country’s decades-high inflation. On the other hand, Ether, the second-largest cryptocurrency by market capitalization, rose more than 10 percent from the previous day to 1,573.

Data on massive selling activity gives conflicting indicators just as Bitcoin finally holds on to the $23,000 mark. It is widely known that the largest institutional Bitcoin investor is Michael Saylor’s Microstrategy.

Data from Crypto Quant, meanwhile, raises the possibility that the business is allegedly offloading some of its Bitcoin assets. It is also possible that the business intelligence service provider may soon reveal the sales activities.

According to reports, the alleged primary micro strategy wallet is believed to have already sold 132,382 Bitcoin, per yourdefiguide on Crypto Quant. The said wallet, 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ, is believed to belong to Michael Saylor’s business.

Is Microstrategy Dumping Its BTC Holdings?

“All MicroStrategy’s Bitcoin is held in 2 single sig addresses,” it says. BTC has been transferred from the MicroStrategy wallet to a number of exchange wallets, including coinbase