{"id":452770,"date":"2020-12-21T16:00:27","date_gmt":"2020-12-21T16:00:27","guid":{"rendered":"https:\/\/ktsl888.com\/?p=452770"},"modified":"2024-10-26T18:52:52","modified_gmt":"2024-10-26T18:52:52","slug":"microstrategy-recently-added-650m-to-bitcoin-holdings-boosting-btc-strength","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/microstrategy-recently-added-650m-to-bitcoin-holdings-boosting-btc-strength\/","title":{"rendered":"MicroStrategy Recently Added $650m to Bitcoin Holdings \u2014 Boosting BTC Strength"},"content":{"rendered":"
Bitcoin and the entire cryptocurrency<\/a> market have witnessed some immense volatility as of late, with the selling pressure seen at its highs of $24,200, sending it reeling down to lows of $22,000 earlier this morning.<\/p>\n The buying pressure here was quite intense and has since caused the crypto to rocket higher and reclaim its position above $23,000.<\/p>\n Whether or not it can flip this into a support level should provide some serious insights into its mid-term outlook.<\/p>\n Constant buying pressure from major corporations like MicroStrategy may help continue boosting BTC and the rest of the crypto market in the days and weeks ahead.<\/p>\n At the time of writing, Bitcoin<\/a> is trading down just over 1% at its current price of $23,150, marking a slight decline from its daily highs of over $24,000.<\/p>\n However, this does mark a massive rise from lows of $22,000 that were set at the bottom of the overnight selloff.<\/p>\n The strength seen in the time since it set these lows has been impressive and may allow it to see further upside.<\/p>\n MicroStrategy<\/a> CEO Michael Saylor explained in a recent tweet that his company purchased an additional $650m worth of BTC while it was trading at just below $22,000.<\/p>\n He notes that they now hold an aggregate total of 70,470 BTC that were purchased for $1.125 billion.<\/p>\n \u201cMicroStrategy has purchased an additional 29,646 bitcoins for $650 million at an average price of $21,925 per Bitcoin and now hodl an aggregate of 70,470 bitcoins purchased for $1.125 billion at an average price of $15,964 per bitcoin.\u201d<\/p><\/blockquote>\n MicroStrategy has purchased an additional 29,646 bitcoins for $650 million at an average price of $21,925 per #bitcoin<\/a> and now #hodl<\/a> an aggregate of 70,470 bitcoins purchased for $1.125 billion at an average price of $15,964 per bitcoin.https:\/\/t.co\/j6wVLXIzoa<\/a><\/p>\n — Michael Saylor\u26a1\ufe0f (@saylor) December 21, 2020<\/a><\/p><\/blockquote>\nBitcoin Rebounds Off of Key Support as Uptrend Continues<\/strong><\/h2>\n
MicroStrategy Boosts BTC With Another $650m Buy<\/strong><\/h2>\n
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