MicroStrategy Buys More Bitcoin – Is this a Bottom Signal?
— Last three months, Stands, Retest, Half, Twitter post revealing, Bears recently rejected microstrategy ’, Terra ecosystem, Twitter post, Worst quarterly loss since 2011, 0 million — 1 min read
Bitcoin (BTC) recorded its worst quarterly loss since 2011 with the price action and activity on the network both plummeting over the last three months. The second quarter that ended on Thursday saw BTC lose more than half of its value from around $45,000 at the beginning of April to trade at $19,630 at the time of writing this article. Bitcoin’s weakness came as the U.S. equities also displayed a dismissal performance as the S&P 500 and Nasdaq saw its weakest first half (H1) in over 30 years. Microstrategy was among the brave whales who accumulated more of this crypto adding 480 more Bitcoins to its portfolio. The business intelligence and software company remains steadfast on its Bitcoin strategy. Source