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MicroStrategy buys Bitcoin dip, holdings surpass 450K BTC - COINTELEGRAPH
Global crypto hedge funds have also been buying the dip, signaling a potential Bitcoin “supply shock” as BTC exchange reserves sink to levels last seen in 2018.
MicroStrategy’s Bitcoin holdings surpassed a milestone after the company bought the dip with a $243 million investment.
MicroStrategy’s holdings now exceed 450,000 Bitcoin BTC
$92,863, acquired for a total of $28.2 billion at an average price of $62,691.
MicroStrategy Bitcoin holdings, court filing, Jan. 13. Source: US Securities and Exchange Commission
The milestone came after the company acquired $243 million worth of BTC at an average price of $95,972, MicroStrategy founder and chairman Michael Saylor announced in a Jan. 13 post on X.
