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MicroStrategy bolstered its Bitcoin reserves by purchasing 3,000 BTC for approximately $155 million within ten days.
This purchase takes the business intelligence and Bitcoin development firm’s total holding to 193,000 BTC, acquired for around $6.09 billion at an average price of $31,544 per BTC.
MicroStrategy’s official X (formerly Twitter) account was hacked and used to promote a fake airdrop of an Ethereum-based MSTR token during the early hours of today, Feb. 26.
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The crypto community is once again on high alert after hackers compromised the official X account (previously known as Twitter) of business intelligence firm MicroStrategy.
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The phishing scam appears to be quite obvious, given MicroStrategy CEO Michael Saylor’s recentbullish statements on Bitcoin.
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Saylor argues that there is an increased demand for Bitcoin, largely influenced by investor appetite for spot Bitcoin ETFs.
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Crypto Intelligence firm Arkham Intelligence has reportedly identified on-chain addresses containing 98% of MicroStrategy’s Bitcoin holdings.
According to a Feb.
Bitcoin’s brief rally to $52,000 has lifted the shares of several US-listed crypto-focused firms.
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MicroStrategy, the renowned business intelligence firm founded by Bitcoin (BTC) advocate Michael Saylor, has witnessed a significant increase in its holdings as Bitcoin continues to soar to new heights, bolstered by the introduction of Bitcoin spot exchange-traded funds (ETFs).
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MicroStrategy is rebranding into a Bitcoin development company to reflect the success it enjoys with the flagship digital asset.
In a Feb.
MicroStrategy recently topped up its Bitcoin holdings, bringing the company’s already enormous unrealized profit to an even greater magnitude, reaching billions of dollars. MicroStrategy’s blockbuster bet on the world’s largest cryptocurrency has certainly paid off so far.
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A crypto analyst is bullish on Bitcoin (BTC), saying the market should expect a “supply shock of all supply shocks” when the network halves its miner rewards in roughly two months.
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With a Bitcoin averaging price of $31,225, the leap from a $5.9 billion spend to $8.
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Software company MicroStrategy is not relenting on its ‘Bitcoin Strategy’ as a recent development suggests. The company’s co-founder, Michael Saylor, revealed that the firm had ramped up its BTC holdings following another acquisition of the flagship crypto token.
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