MicroStrategy Buys 301 More Bitcoins, With a Total Holding of Almost 130k BTC

Weekly Update

The global crypto market cap is up by 2.17% to $940.79B at the time of writing this article. Over the past 24 hours, the overall volume of the cryptocurrency market has decreased by 16.69% to $77.40B. In comparison to last week, the crypto market has performed on similar levels, with the market capitalization of crypto assets slightly decreasing.

DeFi’s total 24-hour volume is $4.10B, or 5.30% of the overall crypto market volume. All Stablecoin volume is currently $69.71B, or 90.06% of the 24-hour volume of the whole crypto market.

Bitcoin was trading at about $19,169.60 at the time of writing. According to data from CoinMarketCap, Bitcoin’s dominance is currently 39.10%, an increase of 0.35% from the previous day.

This has been a volatile week for cryptocurrency investors, but the market appears to be on the mend, trading at a more stable level. This market disruption was caused not only by the reasons for the current crash but also by the highly anticipated Ethereum Merge, which occurred on September 15, 2022. Minor corrections are healthy in a volatile market, and they frequently result in the asset reaching a new all-time high. Investors now have a reason for optimism thanks to the rise of Web3 and Crypto as well as the inherent volatility of cryptocurrency trading.

MicroStrategy Buys 301 BTC

According to Michael Saylor, executive chairman of MicroStrategy, his firm recently purchased 301 bitcoin for $6 million at an average price of $19,851 per coin. Saylor explained that the firm’s balance sheet now contains 130,000 bitcoins, making it the largest number of bitcoins held by a publicly traded company today.

According to Michael Saylor’s company, the average price for the most recent bitcoin purchase accounts is nearly 19,851 USD. Because the company has over 3.98 billion USD in BTC reserves, the average price per bitcoin from its total reserves is approximately $30,639 USD.