Strategy just bought almost $2 billion Bitcoin near the local top of $86k

https://cryptoslate.com/strategy-just-bought-almost-2-billion-bitcoin-near-the-local-top-of-86k/

Strategy, formerly known as MicroStrategy, has acquired 22,048 additional Bitcoin between March 24 and March 30, bringing its total holdings to 528,185 BTC, according to a March 31 filing with the U.S. Securities and Exchange Commission.

The purchase, valued at approximately $1.92 billion, was executed at an average price of $86,969 per Bitcoin, including fees and expenses.

Bitcoin began an upward movement when Strategy purchased the new Bitcoin, followed by a 5.7% increase into the purple channel below. However, the price reversed on Friday, leading to a drop to $82k. Strategy’s latest Bitcoin purchase is in the red by over $100 million as of press time.

originally posted at https://stacker.news/items/931067