Bitcoin (BTC) $99,020.7 price Today it reached $99,800 again and this is good news for altcoins. However, morale may deteriorate again in the short term. MicroStrategy CEO announces new BTC purchase. Every time we see that these purchase announcements cause a decline in cryptocurrencies.
Bitcoin May Fall
If history repeats itself in the coming hours BTC may experience a decline. Maybe this time it will go wrong? Michael Saylor just announced that his company has further expanded its BTC reserve. These announcements dampened morale as the king cryptocurrency continued to decline, aiming for six-digit levels.
Total BTC reserves increased to 447,470 MicroStrategy It is the public company with the largest BTC reserves. People are buying MSTR shares hugely BTC It buys it because of its reserves, and demand increased so much that the price of the stock climbed to the ATH level in the dot com bubble.
The average cost of the latest acquisition is $94,004 per unit, for a total of $101 million. The average cost of the entire reserve rose to $62,503. Once upon a time, this average cost was only around $30,000.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
