This happened while the world’s largest digital currency continues to make attempts to overcome the recently regained and then again lost $65,000 price mark.
Michael Saylor has been a long-standing Bitcoin supporter and investor. Since August 2020, his company MicroStrategy has been making regular acquisitions of the digital gold, with Saylor constantly shilling BTC on various podcasts and interviews with leading TV channels and mainstream media. At present, MicroStrategy owns 226,331 Bitcoin, which is the equivalent of a whopping $7.538 billion.
This year, in March and June, the company offered convertible senior notes to investors in order to acquire more Bitcoin via these debt offerings. In June, MicroStrategy first aimed at raising $500 million but then increased the target to a staggering $700 million.
On Tuesday, Saylor shared a Fox Business video about Bitcoin and called BTC “the number 1 performing asset.”
The last time the current Bitcoin price level was seen roughly a month ago – on June 20. After that, a series of major sales and large BTC movements pushed BTC even lower. Over the past few weeks, the German government has sold approximately 50,000 BTC worth $3,240,020,000.
Then, recently, Mt. Gox began shoveling billions worth of Bitcoin first to new wallets and then, earlier this week, to crypto exchanges. It was the preparation of compensation payments in BTC and BCH to its creditors, who have been waiting since 2014 to retrieve their crypto lost in a major hack.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
