Centered Image

Guess what? It's Monday, and you know what that means – MicroStrategy is on a shopping spree again, snapping up more Bitcoin! This time, they've gone big, splurging nearly $250 million to snag 2,530 BTC. Talk about making it rain in the crypto world!

But let's rewind a bit. Bitcoin's been riding a rollercoaster lately, dipping to a new yearly low of under $91,000 earlier today. Ouch! Not the best timing for a price drop, right?

MicroStrategy, the fearless corporate giant in the Bitcoin game, has upped its BTC stash to a whopping 450,000 coins. They've been on a buying marathon, with the latest purchase averaging out at $95,972 per Bitcoin. That's like collecting golden nuggets!

Michael Saylor and his crew aren't just hodling; they're setting records with their total investment now hitting around $28.2 billion at an average price of $62,691 per Bitcoin. Talk about diamond hands in action!

But hold on, it's not all sunshine and rainbows. Bitcoin's price took a nosedive this morning, plunging over five grand in a matter of hours. It's now chilling at its lowest point since November, under $91,000. Yikes! And MicroStrategy's own shares have been feeling the heat too, sliding down by 20% since mid-December.

So, can this latest BTC buy from MicroStrategy turn the tide and stop the price fall? Only time will tell, but it's clear these guys are in it for the long haul, rain or shine! Stay tuned for more crypto adventures!

Subscribe To CryptoGunner
Weekly Newsletter

Subscribe

* indicates required

Intuit Mailchimp