A crypto whale just received the fifth largest Bitcoin BTC/USD transfer of the year, as per a popular data analytics platform.
What Happened: Over 17,769 Bitcoin worth $500 million popped up on the BTC network, Santiment reported.
The world’s largest cryptocurrency has been fluctuating around the $28,000 resistance level since late March.
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This comes as Michael Saylor‘s Microstrategy Inc MSTR resumed acquiring Bitcoin on Wednesday, having purchased an additional 1,045 bitcoins for approximately $29.3 million at an average price of $28,016 per bitcoin.
This brings the company’s holdings to a total of 140,000 BTC, making it the largest holder of Bitcoin worldwide. Microstrategy’s current acquisition represents 0.667% of the total supply cap of 21 million BTC, with a total spend of $4.17 billion at an average price of $29,803 per bitcoin.
Price Action: At the time of writing, BTC was trading at $28,118, down 1.50% in the last 24 hours, according to Benzinga Pro.
Read More: Ethereum Hovers Around $1.9k, Bitcoin And Dogecoin Slide: Analyst Sees 2nd Largest Crypto’s First Major Breakout Since November 2021
Image and article originally from www.benzinga.com. Read the original article here.