MicroStrategy Buys 2,530 Bitcoin Amid Crypto Market Pullback – Will BTC Recover?
As Bitcoin (BTC) retests the $90,000 price level after tumbling almost 9% in the past week, institutional investors and corporations are seizing the pullback as an opportunity to increase their BTC reserves. Business intelligence firm MicroStrategy is one such entity, having purchased 2,530 BTC during the ongoing market downturn.
MicroStrategy Buys The Bitcoin Dip
Undeterred by the crypto market’s decline, MicroStrategy has added more BTC to its holdings for the 10th consecutive week. According to an announcement by the firm’s CEO, Michael Saylor, MicroStrategy acquired an additional 2,530 BTC for $243 million at an average price of $95,972, inclusive of fees and other expenses.
The latest purchase brings MicroStrategy’s…
