MicroStrategy Buys $147M More Bitcoin, Upping Holdings to 158,245 BTC

MicroStrategy bought 5,445 BTC for $147.3M, at an average price of $27,053 per coin.
This latest purchase brings MicroStrategy's total BTC holdings to around 158,245 BTC, acquired at an average price of $29,582 per coin.
In total, MicroStrategy has spent $4.68B on accumulating Bitcoin.
The purchase comes as Bitcoin has traded sideways around $26,000 in recent weeks.
MicroStrategy remains highly bullish on Bitcoin despite the recent sideways trading action.

cointelegraph.com

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Posted 9/25/2023, 1:18:45 PM

MicroStrategy Buys $147M More Bitcoin, Upping Holdings to 158,245 BTC

MicroStrategy bought 5,445 BTC for $147.3M, at an average price of $27,053 per coin.
This latest purchase brings MicroStrategy's total BTC holdings to around 158,245 BTC, acquired at an average price of $29,582 per coin.
In total, MicroStrategy has spent $4.68B on accumulating Bitcoin.
The purchase comes as Bitcoin has traded sideways around $26,000 in recent weeks.
MicroStrategy remains highly bullish on Bitcoin despite the recent sideways trading action.

cointelegraph.com

Relevant topic timeline:

9/4/2023

First Mover Americas: Bitcoin Hovers Below $26K; Stellar’s XLM Rallies

Bitcoin remains in a tight range between $25,800 and $26,000 after a recent price spike, as the SEC's delay in key ETF decisions dampens hopes of a long-term recovery in the market.

9/4/2023

When To Buy Bitcoin? Crypto Analyst Gives 'Sad And Amusing' Take

9/6/2023

Here’s why Bitcoin will hit $22K soon

9/15/2023

Michael Saylor Predicts Bitcoin Could Hit $5 Million if Key Milestones are Reached

9/18/2023

Bitcoin Price Spikes Above $27K on Higher Asian Trading Volume, But Faces Volatility Ahead of Central Bank Meetings

9/18/2023

Saylor's $5M Bitcoin Price Target Inches Closer as Banks Embrace Crypto

10/2/2023

Bitcoin Price Rallies Over 5% to Start October, Traders Cautiously Optimistic About Further Upside

Bitcoin aims for $28,500 as it continues its bullish start to October, despite caution from analysts and a strong rebound in the U.S. dollar.

10/17/2023

California Passes Crypto-Friendly Law as Bitcoin Rebounds Above $28K But Faces Volatility Risks