Bitcoin Price Prediction: MicroStrategy Buys Another $458M BTC As Experts Say This New ICO Might Be The Best Crypto To Buy Now
This comes as Michael Saylor’s MicroStrategy announced that it had purchased an additional $458 million worth of Bitcoin. After purchasing the 7,420 BTC, the company confirmed that it now holds a remarkable 252 BTC acquired at an average cost of $39,266.
Bitcoin price today: BTC is trading at $62,661.23
As of 8 a.m. ET, the price of bitcoin, or 1 BTC, was $62,661.23. The crypto’s highest intraday price in the past year was $73,750.07 on March 14, 2024. The chart above is pulling data as of 8 a.m. ET daily and doesn’t display intraday highs or lows.
Bitcoin Price Eyes $70k as MicroStrategy Invests Another $458M after Fed rate cut
Bitcoin price crossed the $64,100 mark on Sept 20, up 22% in 14-days, the rally has been linked to MicroStrategy’s latest $458.2M BTC buys and US Fed rate cut.
MicroStrategy Boosts Bitcoin Holdings With $458M Purchase, Upsized Convertible Note Offering to $1B
With the latest acquisition, the company now holds 252,220 bitcoin worth nearly $16 billion at current prices.
Bitcoin price today: BTC is down 0.31% today, trading at $57,883.72
Bitcoin’s all-time high was on March 14, 2024, trading at $73,750.07 per bitcoin. The lowest intraday price that the crypto traded in the past year was $25,781.12 on Sep. 13, 2023. The original crypto is up by 119% year over year.
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