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- 1 Blockchain data analysis firm Sentiment spotted the fifth-largest Bitcoin transaction in 2023.
- 2 MicroStrategy purchased 1045 BTC at an average price of $28,016.
On April 05, a whale crypto wallet received the fifth biggest crypto transaction of the ongoing year. According to Santiment, a blockchain data analysis firm, a Bitcoin whale received 17,769 Bitcoin.
The fifth biggest bunch of Bitcoin received by the crypto whale is worth over 500 Million US Dollars. As per data from CoinMarketCap at the press time, Bitcoin was trading at $27.912.13 with a 24-hour trading volume of $15,657,386,016.
Since the beginning of March 2023, Bitcoin trading prices have been revolving between the price range of $21,000-$29,000. Most importantly, BTC prices soared over 24% in the last 30-day trading session.
Sometimes the massive purchase of Bitcoin helps the token to trade at fair prices. MicroStrategy is among the top five institutional holders of Bitcoin and recently added another 1,045 Bitcoin to their portfolio.
According to the Securities and Exchange Commission filing, MicroStrategy of Michael Saylor acquired 1,045 Bitcoin for $23.9 Million on an average trading price of $28,016. According to MicroStrategy’s official website, the company holds 140,000 Bitcoin worth 3913358386.83 US Dollars (per current trading prices).
MicroStrategy holds 0.72% of the total circulating supply of Bitcoin. The overall market capitalization is $540,737,421,137, with a market dominance of 45.74%.BTC’s all-time high was around $69,000.
Major Institutional Holders of Bitcoin
According to Coingecko, more than 20 investors hold 1.20% of the total circulating supply of Bitcoin.
- MicroStrategy holds 140,000 Bitcoins worth $3.9 Billion (per current trading prices).
- Marathon Digital Holdings 10,054 worth $281049912 (per current trading prices).
- Coinbase holds 9,000 BTC worth $251572407(per current trading prices).
- Square Inc has 8,027 BTC worth $224362681(per current trading prices).
- Hut 8 Mining Corp. holds 7,078 BTC worth $197829919 (per current trading prices).
- Hive 8 Blockchain holds 3091 BTC worth $86413669.46(as per current trading prices).
- Nexon Co Ltd holds 1,717 BTC worth $48009336 (as per current trading prices).
Some major institutional Bitcoin holders hold 186,994 Bitcoin worth $5229422800.
Bitcoin is the leader of all cryptocurrencies; it was developed and launched in 2009 by a pseudonymous computer scientist Satoshi Nakamoto or a group of developers led by Nakamoto.
In earlier times, BTC was not treated as a reliable crypto asset. Since 2020 the craze of cryptocurrency has boosted, and Bitcoin has become one of the most traded cryptos in the entire industry.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
