52,000 BTC acquired by Bitcoin Sharks last month: Report

According to a recent tweet published by Santiment on-chain data company, owners of wallets holding from 10 to 100 Bitcoins have been actively acquiring the leading digital currency over the past month.

Bitcoin whales continue with aggressive purchases

The Santiment analysis team has tweeted that over the past five weeks, an astonishing amount of Bitcoins – 52,000 – have been added by the above crypto wallets. This sum in BTC is now valued at $ 1,124,619,600 at the current BTC / USD exchange rate. The acquisitions were made while Bitcoin was trading at a large discount of about 27 percent from previous peaks.

Thanks to these purchases, the total amount of the flagship cryptocurrency held by these BTC sharks has increased to an incredible 4.29 million coins.

🦈 #Bitcoin addresses with between 10 and 100 $ BTC has stacked #Satoshis on this decline, and has increased its total holdings to 4.29 million $ BTC. Over the last 5 weeks, as prices have dropped to -27%, they have added 52,000 more coins to their wallets. pic.twitter.com/FqIH57BGnb

– Santiment (@santimentfeed) July 9, 2022

On July 7, a report came in that showed a decrease in the amount of unemployment claims, which pushed Bitcoin around 7 percent up, along with the rest of the crypto and stock markets as well.

The King’s Crypt rose from the $ 20,500 zone and rose above the $ 21,100 level. As of this writing, BTC is switching hands to $ 21,560, according to CoinMarketCap.

Bitcoin is 83% up since MicroStrategy entered

The CEO of the software giant for business intelligence, Michael Saylor, a prominent Bitcoin investor and evangelist, has taken to Twitter to remind that since his company started its Bitcoin journey back in August 2020, the digital asset has shown an increase of 83 percent and the company’s shares rose almost 80 percent.

Saylor stressed the benefits of Bitcoin over traditional stock markets, tweeting that while BTC rose 83 percent, S&P rose only 16 percent and Nasdaq 100 increased by 6 percent. Meanwhile, Bitcoin’s main rival, such as securities, gold, fell 14 percent overall and silver fell 33 percent.

August 11, 2020, @Mikrostrategi took hold of his #Bitcoin Strategy, acquisition of 21,454 bitcoins for a total purchase price of 250 million dollars.

The performance since that time of BTC is +83%, $ MSTR is +79%, S&P is +16%, Nasdaq is +6%, gold is -14%, bonds are -16%, and silver is -33%.

– Michael Saylor⚡️ (@saylor) July 8, 2022

Earlier, U.Today covered that on June 29, MicroStrategy continued its Bitcoin investment, laying hands on another 480 coins. The company paid about $ 10 million for this amount of crypto and now it has a total of 129,699 BTC worth almost $ 4 billion.