After staying under solid pressure over the last weekend, Bitcoin (BTC) is once again back in action today. Bitcoin’s (BTC) price is up 7% as of writing this story and has currently inched above $48K levels. At press time, BTC is up 7.35% trading at $48,144 with a market cap of $897 billion.
This could possibly be a crucial break and occurs just at a time when the business intelligence firm MicroStrategy adds another $15 million worth of Bitcoins to its massive kitty. Its recent disclosure with the SEC shows that same.
MicroStrategy has purchased an additional ~328 bitcoins for ~$15.0 million in cash at an average price of ~$45,710 per #bitcoin. As of 3/1/2021, we #hodl ~90,859 bitcoins acquired for ~$2.186 billion at an average price of ~$24,063 per bitcoin. $MSTRhttps://t.co/fGH5KacsPI
— Michael Saylor (@michael_saylor) March 1, 2021