Microstrategy firm has just purchased a whopping $1.026 billion worth of BTC (19,452 BTC). The purchase was made at $52,765 per BTC. The buy-in was expected following an announcement by the company to buy more BTC when they are done with an offering of $1.05 billion in convertible senior notes.
The company is popular for being a huge investor on the world's number one cryptocurrency. Their holding are currently worth $4.78 billion having a total of 90,531 BTC. After the dip which took place yesterday, the buy-in made by this giant firm has affected the market price of BTC positively. The buy will attract more Angel investors and Financial Institution to take turns in buying and HODLing.
A 1-week BTC Price Chart on CMC
As at the time of writing this content, Bitcoin price is at $48,748.38 and has gone up 1.78% in the past 24hours.
In the Crypto-currency world, to be an investor with profits one has to buy the dip. BTC dumped two days ago based on my timezone and it's now back on it's feet, ofcourse the market is greenish once again, So instead of waiting for that bearish kind dip which might never come in a hurry, now is the best time to buy because you never can tell what will become of the price tomorrow.
Disclaimer: This is not a financial advice.
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Thnx so much for the update
You are welcome.
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Michael Saylor is the Bitcoin bull
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Yeah. Confirmed! @nathanmars The Bull run continues. 🤣🤣
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This is a Very good indication that price will remain high
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