MicroStrategy ups its Bitcoin stake
MicroStrategy, the listed company holding most Bitcoins, has acquired an additional 14,620 Bitcoins during the period Nov 30-Dec 26 at an average price of 42,100 dollars, a regulatory filing shows. The company now holds a total of 189,150 Bitcoins, acquired at a total price of 5.9 billion dollars. At today’s price, the stake is worth roughly 8 billion dollars, which makes an unrealized capital gain of 2.1 billion dollars.
“Likely, history is repeating itself in which we're peaking with the ($BTC ) dominance prior to the Bitcoin halving [expected to happen around April 23]. That means that the bull market on Altcoins have started and Ethereum will take over from here… Ethereum is likely to run to $3,000,” an investor foresees.
Bitcoin halving🤑🤑🤑