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Ledger wants to help MicroStrategy secure its $400m Bitcoin treasury By Cointelegraph

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Ledger wants to help MicroStrategy secure its $400m Bitcoin treasury

Ledger is mostly known for its consumer-facing hardware wallets, but since last year, a number of enterprises have also begun to use Ledger Vault, according to the company’s vice president of product, Jean-Michel Pailhon. This product is focused on providing custody solutions to enterprise clients. In fact, the Ledger team is currently trying to sell MicroStrategy on the advantages of its product.

MicroStrategy is a business intelligence company that made a splash in August 2020 by converting a large portion of its treasury into (BTC). More recently Square, who just acquired $50 million worth of Bitcoin, developed an in-house open-source SubZero framework to secure its assets.

Source: Ledger.

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Cryptocurrency

‘Old hands selling out’ metric shows Bitcoin price at risk of HODLers dumping By Cointelegraph

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‘Old hands selling out’ metric shows Bitcoin price at risk of HODLers dumping

Old hands are selling their (BTC) holdings, according to Glassnode’s Coin Dormancy metric. As shown below, dormant addresses selling BTC marked previous tops in BTC.

Coin dormancy of Bitcoin. Source: Glassnode

On-chain analyst Willy Woo said old hands reliably sold the top until the most recent price cycle. He wrote: