Recent weeks have renewed attention on Bitcoin, bolstered by significant purchases by MicroStrategy.
MicroStrategy’s BTC Acquisition
According to the latest SEC filing, MicroStrategy has acquired an additional $584 million in Bitcoin. This adds 6,911 BTC to their reserves, bringing the total to over 500,000 BTC. The average purchase price was around $66,608 per BTC, resulting in approximately $20,000 profit per Bitcoin for the company.
Current Bitcoin Price
As of this writing, BTC is priced at $87,300. A 13% increase has occurred over the past two weeks, rising from a dip to $77,000. The $87,500 mark remains a crucial price zone, potentially supporting the altcoin market if bulls maintain strength.
Outlook for the Near Future
As April 2 approaches, signs of moderate tariff messaging could accelerate the risk markets' rise if customs tariffs become milder.
MicroStrategy’s BTC acquisitions and current market conditions may significantly impact future price movements of Bitcoin and altcoins.
