19:46Bitcoin Stored in Exchange Wallets At its Lowest Level in 2.5 Yrs
Bitcoin stored in exchange wallets has continued to drop since early 2020
The bitcoin supply stored in exchange wallets is at its lowest level since almost 2.5 years.
Bitcoin Stored in Exchange Wallets At its Lowest Level in 2.5 Yrs 16
One such example is MicroStrategy that has continually added Bitcoin to its treasuries. Earlier today, the team at MicroStrategy announced that they had purchased an additional 295 BTC for $10 million bringing their total holdings to 71,079 Bitcoins. The company’s CEO, Michael Saylor, further elaborated on the recent purchase as follows.
MicroStrategy has purchased approximately 295 bitcoins for $10.0 million in cash, at an average price of ~ $33,808 per #bitcoin. We now #hodl ~ 71,079 bitcoins acquired for $1.145 billion at average price of ~ $16,109 per bitcoin.
More Companies are Adding Bitcoin to their Treasuries
To note is that Microstrategy’s CEO, Michael Saylor, is hosting a conference, tomorrow, February 3rd, to share the company’s Bitcoin playbook with other global CEOs and companies willing to listen. Chances are, that after the conference, more Bitcoin will be scooped up from exchanges by new companies who are will to add Bitcoin to their treasuries.
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