MicroStrategy don buy $2.46B worth Bitcoin for $117K
The MicroStrategy Bitcoin buy wey dem run from July 28 reach August 3 make the company gather 21,021 BTC. Dem spend $2.46 billion for the buy, with average price of $117,256 per bitcoin. This MicroStrategy Bitcoin buy show say the company still dey hold for their long-term plan to keep bitcoin as treasury reserve asset. On Monday, MSTR shares rise 1.4%, reach $371.78 for morning trade. The big buy show how MicroStrategy get confidence for bitcoin and fit ginger market mood during the time wey price dey steady.
Bullish
MicroStrategy buy $2.46 billion worth bitcoin dey show say corporate people still dey want BTC. Dis big buy go reduce the supply wey dey available and fit make bitcoin price go up small short-term, plus e go boost how investors dey feel. For past, their BTC buy dey link with price rally and better confidence. Their steady gathering show say dem get long-term good view, wey fit make other institutions follow their waka. If corporate buying no stop, e fit make bitcoin strong as digital reserve asset and help price remain steady. Overall, dis move good well for bitcoin and the crypto market.