#MicroStrategy makes a loud statement in the world of cryptocurrencies again! The company acquired 15,400 #BTC for $1.5 billion at an average price of $95,976 per coin. The total BTC balance of MicroStrategy amounts to an incredible 402,100 #BTC, purchased for $23.4 billion at an average price of $58,263!
📊 Details:
Quarter-to-date return (QTD): 38.7%
Year-to-date return (YTD): 63.3%
💎 Conclusions:
MicroStrategy continues to be the leading institutional investor in #Bitcoin, demonstrating confidence in its future.
This enhances the fundamental appeal of BTC for large investors.
🔥 Forecast:
Given such investments, an increase in interest in BTC from institutional players is possible, which may affect the further growth of the cryptocurrency's value.