Bitcoin Price Rebounds As MicroStrategy Continues Buying Spree

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On the 22nd of January, MicroStrategy confirmed its latest BTC acquisition in an announcement. According to the announcement, the acquisition is worth $10 million. MicroStrategy revealed that the company purchased approximately 314 Bitcoins at $31,808 per BTC, inclusive of fees and expenses. The company now holds about $70,784 Bitcoins in total.

MicroStrategy began its BTC acquisition last August when It purchased 31,454 BTC worth $250 million at the time of purchase. The company also revealed plans to make Bitcoin its primary reserve asset.

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