Strategy Scales Back Bitcoin Buys as BTC Dips - adtechsolutions

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Strategy Scales Back Bitcoin Buys as BTC Dips



Briefly

  • The strategy bought 245 Bitcoin, worth $ 24.8 million at current prices, between June 16 and 22.
  • The software company now holds 592,345 Bitcoin worth about $ 60 billion.
  • The last purchase of Bitcoin company-Nagova second is the smallest acquisition this year-has gone to growing geopolitical insecurity.

The strategy, earlier Microstrategy, picked up 245 Bitcoin worth about $ 24.8 million at current prices, and the second smallest purchase of BTC this year, the company states detection filed on Monday.

The S Purchase brings the total share of 592,345 tokens worth about $ 60 billion on the basis of the current BTC price on Crypto List data Coingecko provider.

The last reported shopping strategy is second to buy a company of 130 Bitcoin between March 10 and 16, Saylor Tracker data shows.

Relatively modest acquisition comes due to dramatic tension escalation in the Middle East-Development that investors originates from risk property such as cryptocurrency to safe investments such as gold.

At the center of geopolitical unrest is a longtime military showdown between Iran and Israel, which accelerated last week while the two lands traded a rocket. On Sunday, there were now bombing places suspected of being key to the development of Iran nuclear weapons.

The attacks have encouraged global oil markets as well as digital property, although the golden price has increased.

Bitcoin traded at $ 101,640, which is 5.6% lower over the last week, Coingecko reports. The BTC fell under $ 100,000 on Sunday, for the first time below that threshold since the beginning of May

Total capitalization of the CRIPTO currency market has borrowed about 6% to $ 3.2 trillion in the last seven days, data shows.

In contrast, the future of gold is open on Monday at $ 3,400.70 per ounce, which is 1% increase from their final price on Friday, according to Yahoo finance. The future of oil was also traded greater after a bombing attack last week, jumping more than 4%.

Despite the wide macroeconomic insecurity, the strategy reported that she buys Bitcoin eleven weeks straight, spending more than $ 6 billion on digital property from mid -April.

Other companies also indicated their continuous dedication to Bitcoin, with Metaplanet on the Tokyo list of $ 1,111 Bitcoin worth $ 118 million on Monday. Purchase brings its total share to exactly 11.111 BTC while racing according to the ambitious goal of acquisition of 100,000 bitcoins by the end of 2026.

And a technological company with a list of Brazil Méliuz with discovered His latest shopping of Bitcoin of $ 28.61 million on Monday.

Edited by James Rubin

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