MicroStrategy Buy Bitcoin: Adds 430 BTC Amid $124K Peak
MicroStrategy buy 430 BTC last week, spend $51.4 million at average price of $119,666. Dis buy increase dia holdings to 629,376 BTC, wey e buy for average cost of $73,320. Dis move happen as Bitcoin reach record $124,000 peak then drop to $115,000. CEO Michael Saylor talk say dis kind wahala na "gift to the faithful." Dis acquisition smaller pass earlier buys, including over 31,000 BTC for middle of July. Metaplanet buy 775 BTC for $93 million for comparison. Global BTC treasury firms together buy 3,900 BTC from August 11–17, wey show say institution demand for Bitcoin dey grow.
Bullish
MicroStrategy don latest buy of 430 BTC, even tho e smaller pass wetin dem buy before, e still mean say institutional confidence for Bitcoin still dey strong. Dem buy am for average $119,666 during one kain gbege session where BTC reach $124,000, e show say dem still dey trust say e get long-term value. Before now, MicroStrategy treasury dem collect usually align with better market vibes and price jumps. Plus, with other big buys from company like Metaplanet and 3,900 BTC inside global treasuries, this trend show say demand dey rise. Even as short-term wahala fit continue, steady institutional buying dey support beta outlook for Bitcoin price stability plus growth for long term.