Earlier today, I covered Coinbase Prime Custody linked MicroStrategy transferred $793 million worth of bitcoin to new wallets, according to data provided by cryptocurrency analytics platform Arkham Intelligence.

Arkham in the original It has been identified MicroStrategy Collectibles returns on-chain in February. The company discovered that most of its holdings were pooled with other Fidelity clients. A portion of its holdings were also in a separate custody, which includes Coinbase Prime.

Coinbase announced that it had been selected as the primary implementation partner for MicroStrategy in December 2020.

The recent transfers are likely to be internal arrangements.

As U.Today reported, MicroStrategy recently announced its eighth consecutive weekly purchase.

Its Bitcoin coffee has now grown to nearly 450,000 coins. The total value of its holdings currently stands at $41.8 billion, according to data provided by BiTBO.

MicroStrategy co-founder Michael Saylor has repeatedly rejected the idea of ​​turning a profit.

After the price of the leading cryptocurrency surpassed $100,000 last month, Saylor said He said That the community will permanently lose trust in it if MicroStrategy starts selling Bitcoin.

MicroStrategy turned out to be one of the biggest winners of 2024, with its stock up more than 350%. It ended 2024 ranked 139th in terms of largest companies after briefly entering the top 100 companies. It was able to jump 530 companies in just one year.

However, it's also worth noting that MSTR shares are down 47% from their record high of $543, which could be considered a worrying sign. The "infinite money" glitch appears to be a glitch. However, Saylor is known for his amazing comebacks, which is why many MSTR bulls remain unfazed by the brutal correction.