On February 21, 13,204 bitcoins worth a little more than $ 750,000 were sent from the Coinbase cryptocurrency exchange to unknown wallets. According to Whale Alert, during the hour from 7:00 pm to 8:00 pm, 36 transactions were made, each of which included between 351 and 391 bitcoins.
On February 20th, Whale Alert tweeted information on the withdrawal of 4501 BTC from Coinbase to an unknown wallet, respectively, over a billion dollars worth of BTC left the crypto exchange in the last 48 hours.
– Whale Alert (@whale_alert) February 21, 2021
Most likely, the coins were moved to cold storage, with the senders protecting their privacy by creating a new address for each transaction.
These are not the first major transfers from Coinbase in the last 30 days – on January 31, more than 15,200 bitcoins were transferred from Coinbase Pro, worth about $ 500 million (at January prices). Then the CEO of CryptoQuant Ki Yong Joo explained this by OTC trades of institutional hodlers, calling it “the strongest bullish signal.”
On the whole, he was not mistaken. Tesla later reported that they bought bitcoins for $ 1.5 billion. Assuming no sales were subsequently made to Tesla, Elon Musk’s company would benefit more from this purchase than from the cumulative sales of its cars last year.
Another huge asset management company BlackRock has made the decision to invest $ 8.67 trillion in bitcoin from its clients.
Prior to BlackRock, a large investment in Bitcoin was made at Guggenheim, whose CTO recently raised its Bitcoin price forecast to $ 600,000. One of America’s oldest banks, BNY Mellon, announced that it will add cryptocurrency asset management services to its clients.
Finally, Michael Sailor revealed that his company, MicroStrategy, will sell $ 1.05 billion in debt securities to buy even more bitcoins.
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