Bitcoin price decreases to $92,000 after MicroStrategy buys 2,138 BTC. MicroStrategy CEO announces a $209 million investment in Bitcoin.
Following MicroStrategy’s purchase of 2,138 bitcoins (BTC), the price of this digital currency dropped by 2% in an hour to $92,900, which is 10% lower than its all-time high of $108,000. Subsequently, the price of Bitcoin even dropped below $92,000. Michael Saylor, the CEO of MicroStrategy, announced that the company spent $209 million in its latest purchase of Bitcoin. This was the smallest Bitcoin purchase by MicroStrategy in the past eight weeks. With a total of 446,400 bitcoins worth approximately $41.8 billion, MicroStrategy is considered the largest corporate holder of this digital currency and has achieved an annual return of 74.1% on its investment.
