HomeBitcoinWho is the biggest BTC whale ? Not MicroStrategy!

Who is the biggest BTC whale ? Not MicroStrategy!

-

Michael Saylor, CEO of MicroStrategy (NASDAQ:MSTR), is well-known to anybody who frequently follows the bitcoin news. In order to make the firm less appealing to hostile takeovers, he made sure that it had been purchasing bitcoin for a few years in his previous role as CEO.

At the same time, Saylor believes that BTC is a wise investment for the future since, in his opinion, the value of this cryptocurrency will keep rising. Even if the current bitcoins held by MicroStrategy are currently above 130,000, the software developer is not the largest whale.

China has a far larger wallet with a holding of 194,000 BTC. The Chinese government has not, however, purchased the cryptocurrency, in contrast to MicroStrategy. Instead, according to Ki Young Ju, CEO of CryptoQuant, it is a digital asset grab associated with the 2019 PlusToken hoarding.

This idea, which was created in 2018 as a Ponzi pyramid, was popular in Asia since a 30% return distracted many investors from the risks.

Leave a Reply

LATEST POSTS

FTX Japan intends to resume withdrawals by 2023, according to a report.

On November 10, prior to FTX Group declaring bankruptcy in the United States, Japan's Financial Services Agency requested that the exchange suspend business orders. FTX Japan,...

Grayscale in danger – where are the 634,000 bitcoins ?

As a result of the chain reaction started by former CEO Sam Bankman-Fried, the collapse of FTX has spread, and now more large crypto ventures...

Cathie Wood continues to buy crypto assets despite FTX’s bankruptcy.

Despite a sharp price decline and FTX's collapse, Cathie Wood's investment fund Ark Invest is sticking with cryptocurrencies. On Monday, the Grayscale Bitcoin Trust's 315,259...

Will 2023 be the year of the $100,000 rally for Bitcoin ?

Under pressure from the confidence crisis that followed the FTX meltdown, Bitcoin reached a new two-year low. The largest cryptocurrency in the world is not...

Follow us

0FansLike
3,601FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img
%d bloggers like this: