Bitcoin (BTC) price leaped by approximately $4,756 on November 29 rising to brush shoulders with $59,000 for the fist time since losing this support last week. The uptick was triggered by the disclosure by MicroStrategy that they had added more BTC to their reserves. Although Bitcoin price analysis reveals that it has since recoiled towards the $57,000 support wall.
MicroStrategy Purchases 7,002 More BTC
MicroStrategy, the business intelligence firm that became the trendsetter Institutional Bitcoin (BTC) adoption has purchased 7,002 more BTC . Michael Saylor, the CEO of the firm revealed in a Tweet that they invested over $414 million and bought the latest batch of BTC at an average price of $59,187. The latest acquisition brings their number of Bitcoins in their treasury to $ 121,044 BTC acquired for approximately $3.57 billion at an average price of roughly $29,534 per Bitcoin.
As a leader in Bitcoin adoption, MicroStrategy not only “hodls” thousands of Bitcoins but also encour
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