Krutika Adani
As Bitcoin lies in an accumulation zone, Microstrategy has bought 18,300 more BTC, increasing its holdings to over 245k Bitcoins. This makes the company worth around $9.5 billion.
The company remains the largest proven non-ETF owner of Bitcoin after ETFs.
MicroStrategy borrowed $1.11 billion to buy 18,300 Bitcoins, which makes the company's total debt around $3.84 billion.
The price of Bitcoin is expected to increase in the near future as all factors keeping it down like low market liquidity, seem to end soon.
Bitcoin’s price needs to cross $60k before it can resume its bullish journey toward a new ATH. On the downside, $55k remains a strong support.