The price of Bitcoin has been moving sideways for a long time as the coin has gotten used to the lows below $30,000. However, despite the slow price action, MicroStrategy still plans to buy large amounts of Bitcoin.
The company announced the purchase of an additional 467 Bitcoins, bringing its total assets under management to 152,800 Bitcoins. These coins were purchased by MicroStrategy for a total value of $4.53 billion, which translates to an average price of $29,672.
MicroStrategy has ramped up buying all year, buying 20,300 Bitcoins in total. According to the analysis, compared to 2022, the company added 8,109 Bitcoins which helped the company's growth over the same period exceeded 150%.
MicroStrategy has made a buying decision to increase accumulation before Bitcoin is about to undergo the halving event. History shows that, after each halving, the price of Bitcoin always reaches a new record every few months.
The capitalization of bitcoin today increased to $572 billion, representing 48.7% of the cryptocurrency market. The total market capitalization recorded at 7:40 am is 1.174 billion USD, an increase of 5 billion USD compared to 24 hours ago. At the same time, the 24-hour trading volume on the market increased by 44.98% compared to August 13, reaching 28.41 billion USD.
The company announced the purchase of an additional 467 Bitcoins, bringing its total assets under management to 152,800 Bitcoins. These coins were purchased by MicroStrategy for a total value of $4.53 billion, which translates to an average price of $29,672.
MicroStrategy has ramped up buying all year, buying 20,300 Bitcoins in total. According to the analysis, compared to 2022, the company added 8,109 Bitcoins which helped the company's growth over the same period exceeded 150%.
MicroStrategy has made a buying decision to increase accumulation before Bitcoin is about to undergo the halving event. History shows that, after each halving, the price of Bitcoin always reaches a new record every few months.
The capitalization of bitcoin today increased to $572 billion, representing 48.7% of the cryptocurrency market. The total market capitalization recorded at 7:40 am is 1.174 billion USD, an increase of 5 billion USD compared to 24 hours ago. At the same time, the 24-hour trading volume on the market increased by 44.98% compared to August 13, reaching 28.41 billion USD.
