Bitcoin, Ethereum, Dogecoin Rise As Saylor’s MicroStrategy Bags $37M Worth BTC: On-Chain Analyst Says Strong ‘Holder Sentiment’ Prevails After $1.22B Worth of ETH Exit Crypto Exchanges
Published by
Benzinga
Benzinga
Major cryptocurrencies surged on Tuesday evening following an announcement from MicroStrategy Inc (NASDAQ:MSTR), the largest publicly traded holder of Bitcoin. What Happened: The company revealed that it had acquired an additional 850 BTC in January, boosting its total holdings to 190,000 BTC, with an estimated worth of $8.1 billion. In the business software firm’s Q4 2023 Feb. 6 earnings call, the chief financial officer, Andrew Kang, revealed that the company procured 56,650 BTC throughout 2023 at an average price of $33,580. According to MicroStrategy’s executive chairman, Michael Saylor, t…
