cryptocurrency A significant portion of investors have experienced the boring movements in 2023 and have become immune to these days. BTC has not been going in the desired direction for days and upward attempts have failed. But for those who believe in ascension, nothing changes.
Cryptocurrency Whale Doesn’t Stop
biggest cryptocurrency One of the whales, Michael Saylor’s company MicroStrategy, holds billions of dollars worth of BTC. Moreover, it also makes new purchases at current prices. Following a series of previous billion-dollar acquisitions, Saylor’s company capitalized on this decline as well.
Bitcoin (BTC) 
$93,746.2 By purchasing another 2,138 BTC worth $209 million at an average of $97,837 per coin, the company increased its total reserves to $27.9 billion. His total amount of BTC holdings stands at 446,400, approaching the reserves of BlackRock’s IBIT fund.
Every time MicroStrategy announces a purchase, we see a decrease in the BTC price. Now the same thing happened and as you can see in the chart, the price, which approached $ 94.0000 with Saylor’s post, moved towards lower levels. This decline should not last long according to previous experiences and BTC should recover.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
