A Bitcoin holder moved 500 BTC for the first time since 2013. The coins were sent to a new wallet.
Today, the value of these Bitcoins is around $41 million. Back in 2013, they were worth only about $457,000.
In 12 years, the price increased almost 90 times.
Nobody knows why the owner moved the coins. In many cases, activity from old wallets can happen before funds are sold or transferred to crypto exchanges.
Shortly before the news about a possible ceasefire deal between the US and Iran, unknown traders opened massive short positions on oil worth nearly $920 million.
After the reports came out, oil prices dropped by around 12%, and the traders reportedly made more than $125 million in profit.
Now the CFTC is investigating whether insider information or market manipulation was involved.
Michael Saylor said that Strategy could sell part of its Bitcoin if it helps the company and its shareholders.
The money from these sales could be used to pay dividends, reduce debt, or buy back shares. At the same time, the company reported a loss of about $12.5 billion in the first quarter.
Even with these losses, Strategy still plans to keep buying more Bitcoin when market conditions are good. $BTC #Macro Insights#