Michael Saylor’s Strategy buys another 1,550 bitcoin for $101 million after small sale as total holdings rise to 845,256 BTC
Hex37's read
- MicroStrategy bought 1,550 BTC for $101 million.
- This purchase follows a small sale of Bitcoin.
- Total holdings now stand at 845,256 BTC.
- Holdings represent over 4% of Bitcoin's supply.
What it means for traders
- Continued accumulation by a major institutional player signals strong conviction in BTC.
- Large-scale buying could provide underlying support for Bitcoin's price.
Affected markets
Practice this on Hex37
News like this moves markets. Practice trading the move with $10,000 in virtual balance and exchange-grade execution, no real money at risk.