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MicroStrategy continues to be positive on Bitcoin, purchasing $414.4 million in BTC.
The largest publicly traded firm using Bitcoin on its balance sheet has added another $414.4 million in BTC.
Since the blockchain intelligence business began purchasing Bitcoin, its stock has increased by 350%.
As the price of Bitcoin falls below $60,000, advocates are withdrawing from public view.
The acquisition of 7,002 BTC by MicroStrategy, one of the largest Bitcoin whales, has supported a positive narrative for the BTC price.
MicroStrategy is one of the largest firms with a public Bitcoin holding. Throughout the month of November, the company collected BTC via purchasing Bitcoin declines.
MicroStrategy continues to accumulate Bitcoin because it is optimistic on it.
Between October 1 and November 29, Michael Saylor’s data analytics business gathered Bitcoin. MicroStrategy announced the purchase of 7,002 Bitcoins for $414.4 million at an average price of $59,187 per coin.
The corporation has 121,044 Bitcoins, which were purchased at an average price of $29,534 apiece. Bitcoin fell below $55,000, approaching a seven-week low because to concerns over the new Covid-19 strain.
