Institutional demand continues to grow like an avalanche in cryptocurrencies, with record inflows seen last week. MicroStrategy, of course, continues its acquisitions during this period. to cryptocurrencies Michael Saylor, whose company’s fate is tied to him, is making more purchases at every opportunity. These purchases are short-term BTC Even though it causes a decrease, it remains at the bottom in the medium and long term.
Bitcoin Breaking News
just now MicroStrategy According to the information in the 8K form submitted to the SEC by , the company purchased 21,550 more BTC for $ 2.1 billion between December 2-8. The company, which has achieved annual profits of nearly 70 percent, has 423,650 BTC as of today. The average acquisition cost is $60,324 and the current market value of all assets is over $25.6 billion.
According to the announcement published in recent weeks, MicroStrategy plans to continue its billion-dollar acquisitions for 3 years. This means that this huge supply will not turn into sales for at least 3 years. Both Spot BTC ETF‘s and high buying demand from companies like MicroStrategy 
$98,523.4 It supports the fact that its price may see greater peaks in the six figures.
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.
