MicroStrategy Buys 2,530 Bitcoin Amid Crypto Market Pullback – Will BTC Recover?

Quick Summary:

As Bitcoin (BTC) retests the $90,000 price level after tumbling almost 9% in the past week, institutional investors and corporations are seizing the pullback as an opportunity to increase their BTC reserves.

Business intelligence firm MicroStrategy is one such entity, having purchased 2,530 BTC during the ongoing market downturn.

These proceeds funded the Bitcoin purchase, propelling the company’s BTC holdings to a new all-time high (ATH).

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Article Details

Author / Journalist: Ash Tiwari

Category: Crypto

Markets: Hungary

Topics: Mstr Semler Scientific Elliott wave theory Btc Bitcoin Bitcoin News Digital asset Cryptocurrency MicroStrategy BTCUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 08:30:52 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 514 words

Reading Time: 3 minutes read

Sentences: 54 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 25149305

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About Bitcoinist

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Official Website: bitcoinist.com

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Year Established: 2014

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News Last Updated: 10 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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