Despite Bitcoin’s price struggling below $30,000, some major companies are continuing to accumulate the cryptocurrency.
These companies still believe in Bitcoin’s long-term future, seeing its low trading price as a buying opportunity.
In this article, we discuss three companies buying more BTC in 2023 before debating whether they might stock up on trending crypto Bitcoin Minetrix (BTCMTX) next.
1. MicroStrategy
First up is MicroStrategy, a business software company that has been one of the biggest buyers of BTC in recent years.
As of August 1, MicroStrategy held a whopping 152,800 BTC and had purchased 12,800 BTC in the previous quarter.
At the time of its Q2 2023 earnings report, MicroStrategy’s Bitcoin holdings were acquired at an average cost of $29,672 per BTC.
MicroStrategy’s CEO, Michael Saylor, often praises Bitcoin in the media and has said that he believes it’s superior to traditional FIAT currencies.
Under Saylor’s leadership, MicroStrategy has even issued conver
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