A crypto whale just got the fifth largest Bitcoin BTC/USD Broadcast of the Year according to a popular data analysis platform.
What happened: Over 17,769 bitcoin worth $500 million appeared on the BTC network, Santiment reported.
The world’s largest cryptocurrency has been floating around the $28,000 resistance level since late March.
See more: Top Indian Apps Giving Bitcoin, NFT Rewards
This comes as Michael Sailer‘S MicroStrategy Inc MSTR resumed bitcoin acquisitions on Wednesday after buying another 1,045 bitcoins for about $29.3 million at an average price of $28,016 per bitcoin.
This brings the company’s total holdings to 140,000 BTC, making it the largest holder of Bitcoin in the world. Microstrategy’s recent acquisition represents 0.667% of the total supply cap of 21 million BTC, with total spend of $4.17 billion at an average price of $29,803 per bitcoin.
Price promotion: At the time of writing, Bitcoin traded at $28,118, down 1.50% in the last 24 hours, according to Benzinga Pro.
Continue reading: Ethereum hovers around $1.9k, Bitcoin and Dogecoin slip: Analyst sees second-largest cryptocurrency’s first major breakout since November 2021
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