Strategy Buys $370M in Bitcoin After 2-Month Pause, Boosting Total Holdings to 845,050 Coins. Is BTC Back?
The world's largest corporate holder of Bitcoin is buying the token again.
Overview
Over the past six years, Strategy (NASDAQ: MSTR) -- once known as MicroStrategy -- became the world's largest corporate holder of Bitcoin (CRYPTO: BTC). Its founder and executive chairman, Michael Saylor, believes Bitcoin's price could hit $21 million within the next 20 years.
That's why Bitcoin's investors closely follow Strategy's Bitcoin trades. So when Strategy sold roughly 7,000 Bitcoins (at average prices between $60,000 and $65,000) in March and August, many investors thought darker days were ahead for the world's top cryptocurrency.
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Details
Source
Originally published at www.fool.com.
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