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HomeCrypto NewsMarketA Whale Sent Over 200K Bitcoin (BTC) To Exchanges; Is It Michael Saylor?

A Whale Sent Over 200K Bitcoin (BTC) To Exchanges; Is It Michael Saylor?

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Crypto Twitter uncovers a whale that sent over 200K Bitcoin (BTC) to exchanges, with rumors suggesting it’s Saylor’s MicroStrategy with an intention to sell.


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A prominent Crypto influencer (CryptoVinco) took to Twitter Monday to disclose an interesting transaction on the BTC blockchain. According to a screenshot of the transaction, one of the largest BTC whale addresses appears to have sent its BTC holdings to exchanges in July.

Holders often send their coins to exchanges when they intend to sell off their holdings. This practice seems to be indicating that possibility. Notwithstanding, a more interesting fact is the assertion that this whale address could very well be Michael Saylor’s MicroStrategy’s BTC address.

“One of the biggest #Bitcoin    whales with over 200K+ $BTC sent ALL of their coins to exchanges.

I’m 99% certain this is Michael Saylor’s Bitcoin address, and they’re planning to sell everything.

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When he soon sells, expect a bloodbath to the likes we’ve never seen ever before.” CryptoVinco said, as he shared a screenshot of the blockchain transactions.

The assertion has been met with mixed reactions, with some users expressing shock. Nonetheless, others have highlighted the fact that the address had more BTC than MicroStrategy was publicly revealed to hold. In light of this, they have refuted claims of the address belonging to the firm.

A look at the address (1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ) on the blockchain explorer indicates that the wallet has transacted 851 times, having sent and received an equal amount of 241,914 BTC, worth $4B+ against the prevalent rate.

The address systemically offloaded the BTC in a series of unequal successive transactions from July 18. The last transaction, which occurred on July 21, involved 4,006 BTC. 

Michael Saylor, being one of the most prominent Bitcoin maximalists, has remained vocal about his firm’s ability to HODL its BTC holdings despite what the Crypto Winter throws at the markets. While Tesla was dumping its BTC, MicroStrategy purchased an additional 480 BTC from May to June amidst the bear market. The firm increased its BTC holdings to 129,699 coins as of June 29.

Should MicroStrategy dump its BTC holdings, it could create a ripple effect that would potentially crash the markets. The atmosphere is already tense within the crypto community as investors await the large BTC disbursement from Mt. Gox. 

BTC is currently changing hands at $19,800 as of press time. The asset has plummeted below the support at $20k, but it has avoided a free fall to lower lows. If this address is confirmed to belong to MicroStrategy, the bearish sentiment ensuing is enough to give the bears full control of the markets.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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