$BTC
#BTC
*Strategy Releases Thousands of Bitcoins Worth Rp62 Trillion in a Day, What's Going On?**
The strategy, formerly known as MicroStrategy, was recorded to have released 37,995 of its Bitcoins (BTC) in one day. This tens of thousands of Bitcoins are estimated to be worth US$3.7 billion or around Rp62 trillion, according to Arkham Intelligence.
As of now, there is no information provided regarding this matter. However, the company has been tracked transferring Bitcoins to an unrecognized address and not to a crypto platform.
Typically, this action is used to break up or divide Bitcoin ownership so that it is not centralized in one wallet. However, this triggers speculation among market participants who suspect that the company has made a sale.
It is known that this initiative has been carried out by the company in the last 3 months, starting from October. Thus, it has caused its ownership to continue to decline until now, from a total value of US$60 billion now remaining at US$42.9 billion, meaning a drop of 28%.
For your information, Saylor's company had made transactions before significant events or 'black swan' occurred. At that time, millions of crypto market participants faced a total liquidation of US$19.16 billion or around Rp317.22 trillion, on Saturday (11/10).
#BTC
*Strategy Releases Thousands of Bitcoins Worth Rp62 Trillion in a Day, What's Going On?**
The strategy, formerly known as MicroStrategy, was recorded to have released 37,995 of its Bitcoins (BTC) in one day. This tens of thousands of Bitcoins are estimated to be worth US$3.7 billion or around Rp62 trillion, according to Arkham Intelligence.
As of now, there is no information provided regarding this matter. However, the company has been tracked transferring Bitcoins to an unrecognized address and not to a crypto platform.
Typically, this action is used to break up or divide Bitcoin ownership so that it is not centralized in one wallet. However, this triggers speculation among market participants who suspect that the company has made a sale.
It is known that this initiative has been carried out by the company in the last 3 months, starting from October. Thus, it has caused its ownership to continue to decline until now, from a total value of US$60 billion now remaining at US$42.9 billion, meaning a drop of 28%.
For your information, Saylor's company had made transactions before significant events or 'black swan' occurred. At that time, millions of crypto market participants faced a total liquidation of US$19.16 billion or around Rp317.22 trillion, on Saturday (11/10).