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October 3, 2022
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Bitcoin

MicroStrategy boosts Bitcoin’s value

At the time of this writing, Bitcoin was trading down just over 1% from its current price of $ 23,150, marking a slight decline from daily highs of more than $ 24,000.

However, this marks a massive increase in the $ 22,000 low that was set at the bottom of the night sale.

The strength seen since establishing these casualties has been impressive and may allow you to see more advantages.

MicroStrategy boosts BTC with another $ 650 million purchase

MicroStrategy CEO Michael Saylor explained in a recent tweet that his company bought an additional $ 650 million worth of BTC while trading for just under $ 22,000.

He notes that they now hold an aggregate total of 70,470 BTC that were purchased for $ 1.125 billion.

MicroStrategy bought an additional 29,646 bitcoins for $ 650 million at an average price of $ 21,925 per Bitcoin and now hodl a total of 70,470 bitcoins purchased for $ 1,125 billion at an average price of $ 15,964 per bitcoin.

As more companies follow in the footsteps of MicroStrategy, there is a strong possibility that the price of Bitcoin will continue to rise by massive inflows of pressure on the buyer’s side.

Source: NewsBTC

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