Bitcoin Slips as Traders Shrug Off Latest MicroStrategy Buy
Bitcoin’s increasing reliance on purchase announcements for short rallies may not be an entirely healthy trend.
MicroStrategy
MicroStrategy Buys $15M More of Bitcoin
Apr 5, 2021
As a result, MicroStrategy now holds about 91,579 bitcoin.
BTIG also praised the firm's core business.
In making the announcement, the firm's board cited its "commitment to bitcoin."
Forget Buying the Dip, MicroStrategy Buys $15M of Bitcoin as It Nears the All-Time High
Mar 12, 2021
This latest purchase brings the firm's total bitcoin holdings to around 91,326, bought for an average of $24,214 apiece.
According to Arcane, the new corporate buyers appear intent on keeping the cryptocurrencies for the long term "and see further upside potential in bitcoin."
MicroStrategy
