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MicroStrategy’s Bitcoin Investment Pushes BTC Towards $30k

Twitter icon  •  Published il y a 8 mois  •  Hassan Maishera

Bitcoin is up by more than 2% in the last 24 hours and is now trading close to the $30k level following MicroStrategy’s recent purchase of 467 bitcoins.

TL;DR

  • Bitcoin is up by over 2% in the last 24 hours and is now closing in on the $30k level. 

  • MicroStrategy added 467 BTC to its balance sheet in July and now owns more than $4 billion in BTC. 

MicroStrategy Now Owns $4.4 Billion Worth Of Bitcoins

Bitcoin, the world’s number one digital asset, is trading in the green zone for the first time this week. BTC has added more than 2% to its value over the last 24 hours and is now trading just above $29,600. 

The leading cryptocurrency by market cap touched the $29,900 mark late on Tuesday before retracing to now trading at $29,602. 

The positive performance comes following confirmation by MicroStrategy that it added 467 BTC to its balance sheet in July. The company owns 152,800 bitcoins as of July 31. This implies that MicroStrategy now holds $4.5 billion worth of bitcoins, making it one of the leading investors in the world. 

Thanks to Bitcoin’s rally, the total cryptocurrency market cap reached the $1.18 trillion mark, up 1.7% over the past 24 hours. 

Ether, the second-largest cryptocurrency by market cap, is also up by more than 1% in the last few hours and is now trading at $1,859 per coin. 

XDC Network is the best performer amongst the top 50 cryptocurrencies by market cap, up by 9% so far today. At press time, the price of XDC stands at $0.06463 per token.

 

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.