Cryptocurrency

Bitcoin

April

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategy-buys-more-bitcoin-despite-price-drop/" data-wpel-link="internal">MicroStrategy Buys More Bitcoin Despite Price Drop</a> 
Cryptocurrency <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">markets</a> are very active today with good <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> coming in succession. However, BTC price has started to fall. <a href="https://en.coin-turk.com/bitcoin-advocate-challenges-traditional-banking-perspectives/" data-wpel-link="internal">Bitcoin</a> (BTC) briefly dropped below $66,000 despite MicroStrategy’s hundreds of millions of dollars in purchases. 
<h2 style="text-align: justify" id="latest-news-from-the-cryptocurrency-whale">Latest News from the Cryptocurrency Whale</h2> 
MicroStrategy, one of the largest cryptocurrency whales, announced that it purchased roughly 12,000 BTC between April 27 and June 19. The second big news from Saylor in a short time also did not push the BTC price up. Historically, this company’s massive BTC purchases generally cause a price drop. According to historical data, Saylor’s company makes accurate detections of the bottom and moves for new purchases. 
Saylor recently wrote on his social media account: 
<blockquote> 
 “MicroStrategy bought BTC at ~$65,883 per bitcoin. These purchases, fueled by convertible notes and excess cash, amount to around $786 million. By purchasing 11,931 more BTC, we now hold 226,331 BTC as of today. To date, our company has purchased approximately 226,331 BTC for $8.33 billion at an average price of $36,798 per bitcoin.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-363536 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/MicroStrategy-BTC-Alimi-.png" alt="" width="1072" height="568"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategy-buys-more-bitcoin-despite-price-drop/" data-wpel-link="internal">MicroStrategy Buys More Bitcoin Despite Price Drop</a></h5>

MicroStrategy Buys More Bitcoin Despite Price Drop

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