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BTC Remains Below $43k Despite MicroStrategy’s Latest Bitcoin Acquisition

Twitter icon  •  Published il y a 2 mois  •  Hassan Maishera

Bitcoin continues to trade below the $43k level despite MicroStrategy acquiring 850 bitcoins last month.

TL;DR

  • Bitcoin’s price has remained flat over the last 24 hours and is still trading below $43k.

  • MicroStrategy acquired 850 bitcoin for $37.2 million in January.

BTC Trades Below $43k as MicroStrategy Purchases More Bitcoins

Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming since the start of the week. It is currently down by 0.02% over the last 24 hours and continues to trade below the $43k level.

At press time, Bitcoin’s price stands at $42,798 per coin. The poor performance comes despite MicroStrategey revealing that it acquired 850 bitcoins last month. 

According to Michael Saylor, MicroStrategy bought another 850 bitcoin for $37.2 million in January. Thanks to this latest development, the company now holds a total of 190,000 bitcoins.

Bitcoin’s poor performance has rubbed off on other leading cryptocurrencies, with XRP, AVAX, ADA, and SOL all trading in the red zone. With the market underperforming, the total cryptocurrency market cap remains at $1.65 trillion, up by 0.48% in the last 24 hours.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.