MicroStrategy capitalizes on the downfall of…

MicroStrategy capitalizes on the downfall of… post thumbnail image

The total amount of digital assets under the company’s control reached 124,391 BTC.

The most capitalized cryptocurrency – bitcoin – from the last day of 2021 from the side. At 08:13 GMT, the digital asset was trading at $47,375.

bitcoin chart. Source: TradingView

Against the backdrop of the sideways movement of digital assets, MicroStrategy, the largest BTC investor among public organizations, continues to buy cryptocurrencies. Another 1,914 bitcoins are under his control. For them, MicroStrategy paid about $94.2 million. The total volume of cryptocurrencies in the company’s portfolio reached 124,391 bitcoins. The average BTC purchase price is $30,159.

Despite the fact that cryptocurrencies have been losing value since November 2021, many members of the crypto community are looking at its growth prospects. For example, the author of the ecoinometrics Twitter channel believes that BTC has not yet realized the potential for positive moves. In their opinion, cryptocurrencies will be able to continue their growth. This, according to ecoinometrics, is indicated by the high position of the value of the digital asset relative to the curve showing the 200-day average value of BTC.

Meanwhile, the bitcoin fear and greed index has entered the red. The position of this indicator shows that at present, few consider BTC a promising asset for investment.

More forecasts for bitcoin are in our material.

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