With an average price of $97,837 per bitcoin, MicroStrategy purchased 2,138 BTC for $209M.
For $516 million, MicroStrategy bought 5,262 Bitcoins last week.
The recent decline in Bitcoin’s price has intensified investor anxiety on the future of the flagship cryptocurrency. Plus, the leading altcoins tend to mimic Bitcoin’s price movements, so it added gasoline to the fire of conjecture about the future of the whole crypto market.
Nonetheless, Matrixport has pointed to BTC’s historical tendencies and other variables to suggest a possible breakthrough for the New Year, even if the price has lately dropped. With this latest acquisition, MicroStrategy’s total Bitcoin holdings reach 446,400. Eight Bitcoin acquisitions in as many weeks have been made by the same corporation.
Banking on Bitcoin
With an average price of $97,837 per bitcoin, MicroStrategy purchased 2,138 BTC for $209 million, according to a press release. As for the business itself, it has a Bitcoin yield of
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