MicroStrategy, led by Michael Saylor, buys another $2 billion worth of Bitcoin
MicroStrategy, led by Michael Saylor and the biggest corporate holder of bitcoin, has purchased an additional 27,200 BTC for $2 billion. With a total acquisition cost of $11.9 billion, the company is currently profiting by approximately $11 billion. Meanwhile, stablecoin liquidity and bitcoin transactions are on the rise, and the ETH/BTC ratio has dropped to its lowest level since April 2021.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
What is altcoin season and why can these 5 coins grow 5x?
Polymarket platform is now unavailable for users in France
Sui Foundation Partners with Asset Manager Franklin Templeton
Cardano Jumps 215% After Major Breakout and Sets Sights on Higher Targets
Trending news
MoreCrypto prices
More
