Crypto News

MicroStrategy spends $347 million to buy 12,333 more Bitcoin

With the strong growth of the Bitcoin price in half after 06/2023, the company is holding the most BTC MicroStrategy is also back in the market.

According to the announcement on the evening of June 28, the CEO of MicroStrategy is Michael Saylor said his company has spent more $347 million to add 12,333 BTC to the fund, with fees of 28,136 USD/BTC.

With a value of $3 billion, this is the third largest Bitcoin wallet in the world. It is only behind Binance and Bitfinex, which are worth $6.4 billion and $4.3 billion, respectively. According to Arkham Intelligence, this wallet is owned by Robinhood – a financial trading platform that has long been involved in the crypto market. It seems that Arkham is very confident in its judgment when it not only labels but also links to Robinhood’s website and social networks on this wallet address.

Speaking to CoinDesk , Arkham also revealed that Jump Trading is the entity responsible for monitoring and custody of that Bitcoin for Robinhood. However, not everyone has the same answer as Arkham. According to market observer Wu Blockchain , the Gemini exchange is the owner of the wallet. But it is unclear what basis Wu has for making such a judgment.

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