MicroStrategy has moved approximately $796 million worth of Bitcoin (BTC), totaling 7,383 BTC, into three separate wallets to enhance security.
According to data shared by crypto analytics platform Lookonchain, this major transfer orchestrated by Michael Saylor-led MicroStrategy aims to strengthen the company's corporate custody infrastructure. Analysts interpret this move as a proactive step to ensure greater asset security.
Since beginning its Bitcoin investments in 2020, MicroStrategy has made only a single sale. In December 2022, the company briefly sold some BTC but immediately repurchased more, underscoring its long-term "buy and hold" strategy. Currently, MicroStrategy holds a total of 592,345 BTC, purchased at an average price of $66,385 each.
Experts emphasize that this latest transfer does not reflect a change in MicroStrategy’s Bitcoin strategy, but instead highlights the critical importance the firm places on robust corporate custody and security practices.
