MicroStrategy Acquires 229 BTC in Bear Market
MicroStrategy continues to invest in Bitcoins. Today it became known that the company bought Bitcoins for $10 million
The total stock of the cryptocurrency is 92,079 BTC. $2.251 billion was spent on the purchase of digital assets.
Although this is not the most significant purchase, the timing is well chosen. Bitcoin is in the largest period of value rollback in 2021. We recently wrote about it.
Most are cautious about investing in Bitcoin in such a downturn, but not MicroStrategy. The company bought at lower prices, replenishing the reserve. It's a good strategy, which we'll soon be able to see.